Bitcoin funding rates have reached 0%, with the Fear & Greed Index indicating extreme fear at a reading of 9, as spot holders begin to capitulate. Despite this panic among spot market participants, perpetual traders remain steady, with $13 billion in shorts positioned below $90,000 paying minimal to hold. Notably, on February 6, large Bitcoin accumulators, referred to as whales, added 66,000 BTC in a single day during a market flush, highlighting the divergence between the anxiety in the spot market and the positioning within derivatives.
Bitcoin sees 0% funding amid spot capitulation and whale activity
