Research firm 10x says the negative funding rates reflect structural hedging by institutions, not a broad bearish play. BTC perpetual futures continue to see negative funding rates despite the token's 14% climb this month, its strongest monthly gain since April 2025. Research firm 10x says the negative funding rates reflect structural hedging by institutions, not a broad bearish shift, with hedge funds shorting futures to manage other bets. Bitcoin BTC $ 77,868.06 has rallied roughly 14% t…
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