The funding rates for Bitcoin (BTC) on crypto derivatives exchanges are shrinking, which is seen as a concerning sign for Bitcoin bulls, according to the CryptoQuant community. This decline in funding rates indicates a decrease in demand for Bitcoin derivatives, which could lead to a lack of support for the overall uptrend in the market. If Bitcoin fails to hold above $90,000, it may test lower Fibonacci levels in future downtrends. However, the Relative Strength Indicator suggests a more optimistic trading sentiment for Bitcoin, as it has dropped from the mid-70s to almost 35 points, indicating a move out of the "overbought" territory.



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