Bitcoin $75,000 breakout fails but a rare signal is hinting at major market bottom

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin $75,000 breakout fails but a rare signal is hinting at major market bottom Derivatives funding rates have now remained negative for 46 days, a streak last seen following the FTX crash which marked the bottom of 2022's crypto winter. By Krisztian Sandor | Edited by Stephen Alpher Apr 14, 2026, 8:09 p.m. Make preferred on Bitcoin (BTC) price on April 14, Tuesday (CoinDesk) What to know : Bitcoin briefly topped the key $76,000 level before reversing to $74,000, extending a two-month struggle to sustain a true breakout. Funding rates on Binance's bitcoin perpetuals have remained negative for 46 days, even as open interest rises, indicating persistent bearish positioning. Such extended risk-off regimes, marked by crowded short trades, have historically preceded sharp upside moves and attractive entry points, K33 Research's Vetle Lunde said. Bitcoin BTC $ 74,354.66 started the day with a promising chance for a breakout, but the rally fizzled out at a familiar brick wall that has kept a lid on prices for more than two months. After briefly topping $76,000 — a key resistance level — the largest crypto reversed course, slipping below $74,000 later in the session. It still held onto a 1.3% gain over the past 24 hours, recently changing hands near $74,300. Ether (ETH) followed a similar path, pulling back from above $2,400, but still outperformed, advancing 2.5% daily. Traditional markets saw no such reversal, with the Nasdaq closing at its session high, up 2%. Still, the conditions are ripe for a squeeze higher even as Tuesday’s breakout didn’t hold. According to Vetle Lunde, head of research at K33 Research, funding rates on Binance’s bitcoin perpetuals have remained negative for 11 consecutive periods despite the recent rally, signaling traders are still leaning bearish even as prices push higher. At the same time, open interest has been rising, suggesting new short positions are being added rather than closed, he said. That combination has historically set the stage for sharp upside moves, he said. The 30-day average funding rate has now been negative for 46 straight days, Lunde added, matching the extended bearish positioning seen during past market stress periods, such as after the FTX crash in late 2022 and the mid-2021 bear market when China banned bitcoin mining. "Comparable risk-off regimes have historically been attractive entry points for BTC," Lunde said, as crowded short trades were forced to unwind. Bitcoin News Derivatives More For You High Roller stock more than doubles on prediction markets partnership with Crypto.com By Olivier Acuna | Edited by Sheldon Reback 5 hours ago The announcement comes as an increasing number of companies move into prediction markets, an industry that is estimated to grow to $1 trillion by 2030 What to know : High Roller Technologies shares surged as much as 130% after the company said it planned to introduce a U.S. event-based prediction market in partnership with Crypto.com. The platform will initially offer Crypto.com Derivatives North America event contracts on finance, sports and entertainment, though the companies did not disclose a launch... Read full story Latest Crypto News The next Fed chair has crypto exposure in portfolio. Here are the details 1 hour ago Rakuten to allow XRP to be used as payment method by its 44 million customers 1 hour ago Popular DeFi platform warns users to stay away from its site after security breach 1 hour ago Ethereum Foundation unveils $1M audit subsidy program to boost crypto security and cut costs for builders 2 hours ago Goldman Sachs files for bitcoin income ETF in crypto push 4 hours ago High Roller stock more than doubles on prediction markets partnership with Crypto.com 5 hours ago Top Stories Bitcoin climbs to highest level since Feb. 5 crash that sent price plunging to $60,000 5 hours ago JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play 6 hours ago Visa and Zodia Custody join Stripe’s new blockchain for machine payments 7 hours ago Bitcoin rises to one-month high above $75,000 as analysts eye major breakout 7 hours ago XRP Ledger adds zero-knowledge proofs targeting institutional privacy gap 7 hours ago Tether introduces crypto wallet to bring stablecoin and bitcoin payments directly to users 7 hours ago In this article BTC BTC $ 74,354.66 ◢ 1.61 %