Is Bitcoin’s Next Move a Game-Changer or a Total Market Meltdown? Discover What Every Investor Must Know Now!
So, here we are again—on the brink of October 28th’s FOMC meeting with the CME FedWatch Tool waving a flashing neon sign that the odds for a 25 basis point rate hike just jumped from 17.7% to a heftier 27.7%. It’s the kind of shift that stirs the pot in the crypto arena pretty fast. Bitcoin’s funding rates on Binance dipping into negative territory at -0.0073%? That’s not just a blip; it’s a flashing warning that bearish sentiment is gripping the market hard. It reminds me of June’s scenario when Bitcoin hovered near $62K—only this time, inflation reports and rising rate hike chances are tightening the screws. Could this be the calm before a storm… or the setup for a breakout? Strap in, because the interplay between macroeconomic tension and Bitcoin’s price correction around $80K might just be setting the stage for what’s next in this wild ride. LEARN MORE
A week ago, the CME FedWatch Tool revealed a 17.7% probability of a 25bps interest rate hike during 28th October’s FOMC meeting. At the time of writing, that probability had risen to 27.7%.
Bitcoin’s [BTC] funding rates on Binance fell to -0.0073%, reported crypto analyst Darkfost. Negative funding rates revealed that a majority of market participants were positioned bearishly.
The last time this happened was in June, when Bitcoin’s price was around $62K. Here, it’s also worth noting that the analyst drew attention to the negative macroeconomic news that both the CPI and PPI data came in hot earlier this week.
It contributed to the rising rate hike odds, with Bitcoin in the middle of a correction towards $80K too.
A closer look at BTC derivatives data
News that inflation had accelerated to 3.7% year-on-year in September, up from 3.4% in August and higher than the 3.6% market expectations, led to a Bitcoin price slide to $80.3K.
And yet, the 24-hour growth in Open Interest, denominated in BTC, rose from -3.0% to 4.6%.
The analyst also found that across all exchanges, the funding rates had been slightly positive during the price drop. Rising OI during a price slide highlighted that more market participants were willing to use leverage. It also underlined the risk for long positions if the price continues to fall.
Delta growth rate points to potential for Bitcoin recovery
Now, while the funding rate was negative, showing a bearish bias, it is at moments when the market consensus seems to be one way that a trend reversal tends to happen.
The Delta Growth Rate metric combines the market cap and realized cap growth to combine BTC’s price accumulation and the accumulation of onchain value. Negative values show potential undervaluation and weaker speculative activity.
The metric has been negative all year. However, it has shown signs of improving in recent weeks, according to crypto intelligence platform Alphractal.
It was not enough to signal a structural trend reversal, but it did point to improving market dynamics. It remains to be seen if Bitcoin’s correction towards $80K is over and if buyers will step in to keep the momentum going.
Final Summary
- Bitcoin funding rates on Binance were negative, spurred by negative inflation news and rising rate hike odds.
- The Delta Growth metric, which was still negative, has managed to push higher in recent weeks to signal improving market dynamics.
BarkBox LICKSTERS Peanut Butter & Beef Treat Refills - Medium and Large | Peanut Butter & Beef Recipe Dog Treats - Probiotics for Gut Health, No Corn or Soy, Made in the USA - For LICKSTERS Toy
$14.99 (as of October 16, 2026 03:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Pedigree Dentastix Large Breed Dental Dog Treats, Variety, 51 Count | Original Chicken, Beef, and Fresh flavors, reduces plaque and tartar buildup, cleans teeth, freshens breath, for dogs 40+ lbs
$23.98 (as of October 16, 2026 03:11 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Purina Fancy Feast Gravy Lovers, Poultry & Beef Wet Cat Food, 3oz, 24-Pack | Variety Pack, grilled gourmet texture made with no artificial colors or preservatives, 100 percent complete and balanced
$22.86 (as of October 16, 2026 03:11 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
TAGRY Bluetooth Headphones True Wireless Earbuds 60H Playback LED Power Display Earphones with Wireless Charging Case IPX5 Waterproof in-Ear Ear buds with Mic for TV Smart Phone Laptop Computer Sports
$25.98 (as of October 16, 2026 03:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Post Comment