Krypto-Funding-Raten erreichen Bärenmarkt-Tiefstände - Warum dies ein verstecktes Bullensignal sein könnte

Funding-Raten stürzen auf niedrigste Niveau seit Bärenmarkt-Beginn

Die Stimmung kippt extrem - und das könnte genau der richtige Zeitpunkt für Einstiege sein

Aktuelle Daten zeigen: Trader wetten massiv auf fallende Kurse, während die Perpetual-Funding-Raten ins Negative rauschen. Ein klassisches Kontrarian-Signal, das erfahrene Investoren aufhorchen lässt.

Historische Muster deuten auf Wendepunkte hin

Extreme Negativität in Funding-Raten hat sich in der Vergangenheit oft als zuverlässiger Indikator für bevorstehende Trendumkehr erwiesen. Wenn alle auf der Short-Seite positioniert sind, bleibt kaum jemand übrig, der noch verkaufen kann.

Institutionelle Akteure nutzen die Angst

Während Retail-Investoren in Panik verfallen, sammeln große Player Positionen zu Discount-Preisen. Die aktuelle Situation erinnert an frühere Zyklen, wo extreme Pessimismus-Spitzen den Boden für massive Rallyes markierten.

Die Ironie der Derivate-Märkte: Manchmal ist die größte Angst der beste Grund für Optimismus. Besonders wenn traditionelle Finanzexperten wieder einmal ihren Unmut über 'diese volatilen Kryptos' äußern.

What the data says 

In 2022, the crypto industry witnessed a particularly brutal bear market that started with the Terra/LUNA collapse in May, followed by the FTX case in November, which triggered a liquidity crisis and caused BTC price to drop to $16K lows. 

In the months that followed, funding rates stayed deeply negative amid mass liquidations and fears that it was over for BTC. 

The 2025 flash crash mirrored those sentiments driven by a “pronounced deleveraging” across BTC and ETH, and a sharp decline in funding rates that analysts say indicates investors are de-risking from aggressive long (bullish) positions, and that leveraged trading volume in the market has decreased significantly.

The trend reportedly signals a period of market rebalancing and liquidation of excessively risky positions, which could reduce price volatility in the short term and contribute to a healthier market structure in the medium term. 

While perpetual low funding rates highlight a decline in trader interest and a potential continuation of market liquidity shortages, the bullish sentiment linked to BTC has barely diminished, and it is already recovering. 

Glassnode’s BTC Long/Short Bias chart, tracking the aggregate net positions of the largest BTC traders on Hyperliquid, showed a steep rise in net shorts from October 6, long before Friday’s disaster. Levels have since recovered, even though they remain deeply negative. 

Analysts continue to advise caution as the market struggles to rebalance itself. 

Crypto tokens rebound, but doubts remain 

The flash crash from late Friday wiped out nearly $19 billion in crypto positions and has been tagged the largest single-day liquidation on record. 

However, as earlier stated, the market is already looking steadier with a bounce forming as both the US and China moved to water down tensions even though they have refused to come to an agreement. 

Alternative cryptocurrencies like BNB, ADA, and DOGE have been leading the rebound. Both ADA and DOGE have surged nearly 10% in 24 hours thanks to discounted valuations enticing bargain hunters while BNB has blown past its previous all time high to form a new one at $1,369.99 today. 

Bitcoin climbed 3.3% over the past 24 hours to about $115,007 while Ether surged 8.7% to $4,151. The strong performance confirms that the broader bullish trend is still intact, even though the volatility has reset sentiment.

“What we just saw was a massive emotional reset,” Justin d’Anethan, head of partnerships at Arctic Digital claims. “Volatility cuts both ways — traders were punished on the way down and on the snap back. But the longer-term structure is intact. ETF inflows remain strong, exchange balances NEAR cycle lows, and the broader narrative is arguably stronger after the washout.”

While the upward moves are great, observers have warned that the industry is not out in the clear yet. In fact, there are now reports that the “OG Bitcoin whale” who shorted 20 minutes before Trump announced news that crashed the market is back.

The OG Bitcoin whale who shorted before the market crash is back.

He added another $70,000,000 to his Bitcoin short position.

For those who don't know, this whale never fully closed his Bitcoin short. pic.twitter.com/EbFwWsxvhR

— Ted (@TedPillows) October 12, 2025

He has now reportedly added another $70,000,000 to his Bitcoin short position, which was never fully closed in the first place. What this means will become apparent in time, but experts advise caution as it could herald another drop.

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