Derivatives Funding Rates Collapse to 2022 Lows as Billions Liquidated — Is Bitcoin Set to Rebound?

Crypto derivatives funding rates plunged to their lowest levels since the 2022 bear market following the largest liquidation event in history, with Glassnode data showing altcoin funding rates collapsed to a median of -0.4% before resetting above zero within 24 ￰0￱ swift recovery in funding rates following the purge of over $19.33 billion in leveraged positions suggests the market may have completed one of the most severe deleveraging events in crypto history.) October 13, 2025 The crypto industry was set for a flood of ETF approvals in October, with the SEC scheduled to make final decisions on at least 16 applications, plus another 21 filed in the first eight days of the ￰1￱ bettors now show a 98% prediction that the government shutdown will continue past October 15, up from 43% on October 2.) October 13, 2025 Most importantly, with this whale back, the community is curious what he knows this ￰2￱ Bitcoin at risk again?

Technical Analysis Points to Critical Resistance Test Bitcoin currently trades around $115,000, recovering within an ascending channel that has guided price action since April lows around $86,000. The asset held lower channel support at $110,000 to $112,000 during the selloff, with the upper boundary projecting toward $126,000 to $128,000.