CryptoQuant analyst Darkfost said Binance's Bitcoin funding rate turned negative at -0.0073% while BTC traded near $80,300, marking a shift in derivatives trading. A negative funding rate means short traders pay long holders, and Darkfost noted the last such reading came in June, when Bitcoin was near $62,000. He also pointed to hotter U.S. consumer and producer price data as part of a bearish backdrop. The BLS reported that CPI rose 3.7% over the 12 months through September, up from 3.4% through August, with the next CPI release scheduled for Nov. 10.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/16/2026 | 81,615.64 |
| Change that session | -0.77% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/16/2026 | 2,423.54 |
| Change that session | -0.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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