📊Today’s #BIT# Daily Chart - May 5, 2026 ⬇️ Bitcoin: Seasonality Still Favours the Upside 
— And Positioning Isn’t There Yet #BIT# #Bitcoin# #BTC# #CryptoMarkets# #MarketPositioning# #FundingRates# #DigitalAssets#

Funding rates can become a hidden cost that traders miss. StandX now displays Funding Fee history inside Action History, giving you one clean view of every record. Stand with your eyes open.

Bitcoin prices and funding rates are diverging. While BTC trends higher, funding continues to fall, with 7-day rates on par with February lows alongside rising open interest. This setup increases the likelihood and potential magnitude of a short squeeze.

Early gm chat. By participating in @useTria I’ve noticed how smooth the perpetual trading experience feels. The platform is fast easy to use even during volatile markets. I like how the liquidity stays solid while funding rates remain close to spot prices. Whether prices are pumping or dipping there are still chances to make smart moves. Plus your funds stay in your control the whole time. Definitely one of the more interesting platforms I’ve been checking out lately.

Following the recent post outlining the backing diversification of USDe, we have published an analysis of the basis trade on gold perpetuals Tokenized gold and commodity perpetuals are two of the fastest growing markets in the industry today Gold funding rates offer an uncorrelated source of return and tend to hold or rise when crypto funding compresses This post explores how commodity basis trades can complement Ethena's overall basis strategy, with research from Ethena Risk Committee members Read more below:

Strong momentum, but low volumes. Amid the solid trend, 30d funding rates remain negative and leverage in perps continues to grind higher, a factor that could amplify the impact of a short squeeze, which now seems increasingly likely to emerge.

Traders are paying substantial premiums for the privilege of shorting bitcoin, and they have been doing this for quite some time. Chart 1: Mar 11 recorded the 7th lowest annualized daily funding rate since Jan 1, 2023. Mar 12 recorded the 11th lowest. Chart 2: Weekly funding rates have returned to deep negative levels. Chart 3: Even the 30-day average has been negative for 14 consecutive days, the longest streak since December 2022. Chart 4: BTC vs. 30-day average funding rate.