Bitcoin funding rate nears neutral over the weekend... remained positive for the past week

Bitcoin perpetual futures funding rates, which stayed positive for a full week, fell to near-neutral levels over the weekend, according to a Bitfinex Alpha report published on the 9th. Bitfinex attributed the earlier positive funding to short positions being flushed out during the post-election rally, while open interest rose again as prices later declined. A separate Glassnode market report dated the 2nd said long holders were paying funding fees and futures open interest remained elevated. Both reports point to long-side cost burdens and high open interest in early November, contrasting with the interpretation that negative funding reflected shorts piling in. Watch whether funding stays near neutral and whether rising open interest alongside falling prices signals renewed leverage buildup.