Glassnode: BTC funding rates not yet high enough for bullish reversal

On-chain analytics firm Glassnode has concluded that current Bitcoin funding rates do not yet signal a strong trend reversal. In a post on X, the firm noted that the seven-day moving average for BTC perpetual futures funding rates on major centralized exchanges shows a modest upward trend. The average rate recently fell to around 0% before rebounding to 0.005% and has since settled at approximately 0.003% over the past 24 hours. Glassnode explained that sustained bull runs typically require funding rates to remain stable above 0.01%. While the current level indicates a favorable market environment, it is not considered a decisive signal for a strong uptrend.