Bitcoin returns to the starting point of the rebound, funding rates indicate investors are attempting to enter at low levels

BlockBeats reported on June 3 that, according to Cinglass data, Bitcoin has completely ended its two-month rebound and fell below $67,000 this morning; however, investors in the market may now be trying to enter at a low level.

As for spot data, as of press time, the net inflow of Bitcoin spot funds across the market in the past eight hours reached $30.3477 million.

In the futures market, there was a net outflow of $2.595 billion in Bitcoin contract funds across the market in the past 24 hours, but the market sentiment reflected in the funding rates is not as pessimistic as it was two months ago. Currently, on all major platforms, the funding rates for Bitcoin and Ethereum contracts are positive. Altcoin funding rates indicate the market is not bullish, but negative rates are also not as severe as two months ago.