{"id":96205,"date":"2026-04-15T17:17:52","date_gmt":"2026-04-15T14:17:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96205"},"modified":"2026-04-15T17:20:25","modified_gmt":"2026-04-15T14:20:25","slug":"k33-detects-signs-of-bitcoin-reversal-after-68-days-of-consolidation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/k33-detects-signs-of-bitcoin-reversal-after-68-days-of-consolidation\/","title":{"rendered":"K33 Detects Signs of Bitcoin Reversal After 68 Days of Consolidation"},"content":{"rendered":"<p>The negative <a href=\"https:\/\/forklog.com\/en\/news\/the-funding-rate-how-it-helps-anticipate-price-reversals-in-bitcoin-and-ethereum\">funding rate<\/a> in the derivatives market, coupled with the rising prices of the leading cryptocurrency, sets the stage for a <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-short-squeeze\">short squeeze<\/a>. This was stated by analysts at <a href=\"https:\/\/k33.com\/research\/articles\/bitcoin-to-be-used-for-hormuz-tolls\">K33<\/a>.\u00a0<\/p>\n<p>According to the head of research at the company, Vetle Lunde, the funding for bitcoin futures has been negative for 46 consecutive days. A similar trend was observed near the bottom of the bear phase at the end of 2022.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-170b3cb332e4f740-1863864652526165.webp\" alt=\"image\" class=\"wp-image-278491\"\/><figcaption class=\"wp-element-caption\">Bitcoin price against the average daily annual funding rate. Source: K33.\u00a0<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The compression of funding rates and the unusually persistent negative regime increase the chances that digital gold will break through the 68-day consolidation and set new highs,&#8221; the expert stated.<\/em><\/p>\n<\/blockquote>\n<p>A similar view was shared by MN Trading founder Micha\u00ebl van de Poppe. He believes that if bitcoin&#8217;s price holds above $75,000, the next resistance zone to be tested will be $85,000-88,000.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The markets are preparing for a short squeeze on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>.<\/p>\n<p>The markets have rallied to $75,000 and rejected there. A &#8216;shooting star&#8217; was made on the daily timeframe, and people freaked out.<\/p>\n<p>However, that&#8217;s not the only indicator that we should be looking at. <\/p>\n<p>The funding rate\u2026 <a href=\"https:\/\/t.co\/1g3SAMFaOf\">pic.twitter.com\/1g3SAMFaOf<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2044329113075237104?ref_src=twsrc%5Etfw\">April 15, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;On lower timeframes, the market is forming higher lows and highs \u2014 a sign of sustained interest in the asset. As long as the rate stays above $72,000, there is nothing to worry about,&#8221; he shared.\u00a0<\/em><\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Historical Context<\/h2>\n<p>The combination of rising open interest and bitcoin price with negative funding rates has been observed near consolidation lows multiple times.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The current positioning of crypto investors aligns with these conditions. Therefore, we have emphasized the importance of funding regimes in our reports over the past month and maintain a bullish outlook on the leading cryptocurrency,&#8221; Lunde noted.<\/em><\/p>\n<\/blockquote>\n<p>According to K33, only two periods in history have been longer in terms of continuous negative 30-day funding rates: March-May 2020 (63 days) and June-August 2021 (49 days).<\/p>\n<p>At the time of writing, bitcoin is trading around $74,000. Over the past 24 hours, the asset&#8217;s price has decreased by 1.9%.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-8823b4a5b02b58bb-1863907518406189.webp\" alt=\"image\" class=\"wp-image-278492\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>According to analysts at Alphractal, the cryptocurrency is approaching key resistance levels: the average price of active supply and the realized price of short-term holders.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is approaching key on-chain cost resistance levels such as the True Market Mean Price and the STH Realized Price.<\/p>\n<p>It is important to monitor this region, as historically these levels have acted as resistance during Bear Market phases.<\/p>\n<p>See more at <a href=\"https:\/\/t.co\/MgcOqab771\">https:\/\/t.co\/MgcOqab771<\/a> <a href=\"https:\/\/t.co\/q2lsp81FBW\">pic.twitter.com\/q2lsp81FBW<\/a><\/p>\n<p>\u2014 Alphractal (@Alphractal) <a href=\"https:\/\/twitter.com\/Alphractal\/status\/2044118198648213564?ref_src=twsrc%5Etfw\">April 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;This area should be closely watched \u2014 it has historically been insurmountable during bear markets,&#8221; the experts wrote.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>In April, Bitwise <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-iran-conflict-positions-bitcoin-as-a-real-settlement-medium\">stated<\/a> that the conflict in Iran has brought bitcoin closer to becoming a real settlement medium. Experts described the $1 million price level as &#8220;baseline&#8221; for the cryptocurrency.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The negative funding rate in the derivatives market, coupled with the rising prices of the leading cryptocurrency, sets the stage for a short squeeze. This was stated by analysts at K33.<\/p>\n","protected":false},"author":1,"featured_media":96206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Negative funding rates and rising bitcoin prices set the stage for a short squeeze, say K33 analysts.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1167,1138],"class_list":["post-96205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-k33","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"Negative funding rates and rising bitcoin prices set the stage for a short squeeze, say K33 analysts.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96205"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96205\/revisions"}],"predecessor-version":[{"id":96207,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96205\/revisions\/96207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96206"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}