Bitcoin Surges Past $90,000 Amid Negative Funding Rates on Binance

Bitcoin’s price has soared beyond $90,000, reaching levels not seen since early March 2025. Despite this significant rally, the funding rate on Binance remains negative, suggesting traders are skeptical about the sustainability of the current uptick. Analysts point out this divergence, noting the absence of massive inflows or FOMO-driven demand. With Bitcoin posting nearly a 5% daily gain, the market sentiment appears cautious even as prices climb.

Bitcoin Rallying with Negative Funding Rate on Binance

Bitcoin’s price has surpassed $90,000, trading at levels not seen since early March 2025. Despite this impressive uptick, the funding rate on Binance remains negative, indicating that traders are not fully convinced of the rally’s sustainability. One analyst noted this divergence, highlighting that despite the rising prices, there hasn’t been a massive inflow or FOMO driving demand. With Bitcoin delivering a daily performance of nearly 5%, investors on Binance seem skeptical about the rally’s longevity.

Binance Implements Stricter Compliance Measures for South African Users

Binance is introducing new compliance measures for South African users, effective April 30. These changes require all South African users to provide detailed information about the sender and receiver of any crypto transfer on the platform. Users initiating withdrawals must enter the recipient’s full name, country of residence, and the name of their crypto exchange if applicable. Similarly, users must verify the sender’s details for incoming deposits. Failure to provide accurate information may result in the transaction being blocked or returned.