According to online reports, according to bitcoinist, CryptoQuant indicator data shows that Bitcoin's funding rate has turned negative seven times in a year. Historically, the previous six negative funding rates have all heralded strong bullish momentum for BTC. This indicator reflects the cost of holding leveraged positions in perpetual futures contracts, indicating that traders have become excessively bearish and also marks a partial bottom, which is usually a precursor to a sharp rebound. If history repeats itself, the market may soon turn bullish. Currently, traders are paying close attention to liquidity levels below US$98,000 and using US$100,000 as a strong support to re-promote price discovery. Breaking this level may trigger an increase in buying pressure, and to fully restore bullish momentum and change market sentiment, BTC needs to regain the US$103,600 mark.