{"id":68802,"date":"2026-07-15T14:56:06","date_gmt":"2026-07-15T12:56:06","guid":{"rendered":"https:\/\/thecryptocurrencypost.net\/es\/?p=68802"},"modified":"2026-07-15T14:56:07","modified_gmt":"2026-07-15T12:56:07","slug":"btc-los-funding-rates-de-los-perpetuals-vuelven-a-territorio-negativo-por-primera-vez-desde-octubre-de-2023","status":"publish","type":"post","link":"https:\/\/thecryptocurrencypost.net\/es\/btc-los-funding-rates-de-los-perpetuals-vuelven-a-territorio-negativo-por-primera-vez-desde-octubre-de-2023\/","title":{"rendered":"BTC: los funding rates de los perpetuals vuelven a territorio negativo por primera vez desde octubre de 2023"},"content":{"rendered":"<p>Los <a href=\"https:\/\/www.coinglass.com\/FundingRate\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>funding rates<\/strong> <\/a>de los perpetuals de <a href=\"https:\/\/thecryptocurrencypost.net\/es\/noticias-criptomonedas\/noticias-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin<\/strong><\/a> se habr\u00edan girado a negativo por primera vez desde octubre de 2023, lo que implica que <strong>los cortos est\u00e1n pagando a los largos para mantener posiciones<\/strong> en ese mercado. <!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BTC open interest +15% in 72 hours, but funding rates flipped negative. Shorts stacking, longs hesitating. Every time this happened (Feb, May, Sept): +28%, +19%, +34% follows in 4-6 weeks. Compression precedes explosion. <a href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> <a href=\"https:\/\/x.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/x.com\/hashtag\/CryptoTrading?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoTrading<\/a><\/p>\n<p>&mdash; BYDFi Offcial (@BYDFiOfficial) <a href=\"https:\/\/x.com\/BYDFiOfficial\/status\/2076105517915607324?ref_src=twsrc%5Etfw\">July 12, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>En t\u00e9rminos de estructura de mercado, la se\u00f1al sugiere un sesgo bajista en los derivados perpetuos. Ese tipo de desequilibrio suele atraer atenci\u00f3n porque,<strong> si la demanda en spot se mantiene<\/strong>, puede funcionar como se\u00f1al contraria. Aun as\u00ed, la confirmaci\u00f3n adicional sobre la duraci\u00f3n exacta del episodio y sobre el reparto entre flujo en spot y flujo en perps sigue pendiente en las fuentes disponibles.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> funding rates flipped negative for the first time in months \u2014 historically, this has preceded relief rallies more often than not. But with macro uncertainty lingering, don&#39;t read too much into it. Watch spot volume, not just price. <a href=\"https:\/\/x.com\/rebatemax?ref_src=twsrc%5Etfw\">@rebatemax<\/a> <a href=\"https:\/\/x.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a><\/p>\n<p>&mdash; RebateMax (@rebatemax) <a href=\"https:\/\/x.com\/rebatemax\/status\/2076924824853606646?ref_src=twsrc%5Etfw\">July 14, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>La lectura tambi\u00e9n aparece acompa\u00f1ada por referencias hist\u00f3ricas en publicaciones compartidas en X. @BYDFiOfficial se\u00f1al\u00f3 que episodios previos de funding negativo fueron seguidos por movimientos de recuperaci\u00f3n en semanas posteriores, aunque ese antecedente debe tratarse como contexto y no como garant\u00eda de repetici\u00f3n. Por su parte, @rebatemax tambi\u00e9n apunt\u00f3 al giro negativo y lo relacion\u00f3 con <strong>una posible lectura contraria<\/strong>, con la advertencia de vigilar el volumen spot.<\/p>\n<p>Lo importante aqu\u00ed no es solo la direcci\u00f3n del funding, sino lo que indica sobre la posici\u00f3n acumulada en el mercado de futuros perpetuos. <strong>Si el funding negativo persiste mientras el spot resiste<\/strong>, el mercado puede quedar expuesto a un cierre r\u00e1pido de cortos. Si, en cambio, el precio no acompa\u00f1a y el desequilibrio se prolonga, la se\u00f1al puede seguir reflejando presi\u00f3n bajista sin una resoluci\u00f3n inmediata.<\/p>\n<p>Por ahora, el dato confirma el cambio en la mec\u00e1nica de financiaci\u00f3n de los <strong><a href=\"https:\/\/thecryptocurrencypost.net\/es\/hyperliquid-habilita-trading-247-de-acciones-con-equity-perps-y-concentra-riesgos-en-una-infraestructura-hibrida\/\" target=\"_blank\" rel=\"noopener\">perps<\/a><\/strong>; el alcance exacto del episodio y su traducci\u00f3n en flujos de mercado todav\u00eda no est\u00e1 completamente aclarado en las fuentes disponibles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los funding rates de los perpetuals de Bitcoin se habr\u00edan girado a negativo por primera vez desde octubre de 2023, lo que implica que los cortos est\u00e1n pagando a los largos para mantener posiciones en ese mercado.<\/p>\n","protected":false},"author":50,"featured_media":68801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[590,124,148,220],"class_list":["post-68802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analisis-de-precios","tag-analisis-de-mercado","tag-bitcoin","tag-btc","tag-coinbase"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BTC: los funding rates de los perpetuals vuelven a territorio negativo por primera vez desde octubre de 2023 The CryptoCurrency Post ESP<\/title>\n<meta name=\"description\" content=\"En t\u00e9rminos de estructura de mercado, la se\u00f1al sugiere un sesgo bajista en los derivados perpetuos.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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