Data compiled by Woofun AI shows that the current 8-hour average funding rate for BTC across the entire network has retreated to -0.0015%. This negative shift suggests a prevailing bearish sentiment among leveraged traders, with short positions currently paying longs to maintain their exposure.

Among mainstream venues, the divergence in rates is notable. OKX exhibits the most pronounced negative rate at -0.0059%, followed by Bybit at -0.0047%.

Meanwhile, Binance records a milder -0.0011%, and Gate stands at -0.0006%. This widespread negativity across key exchanges underscores a coordinated shift in market positioning.