CoinMeta data: According to Coinpedia, the Bitcoin financing rate for Binance has dropped to around -0.00215, the lowest level since January last year, and is below the 30-day moving average of around -0.00458. Negative financing may expose shorts to risks when spot demand increases, but it does not guarantee a rebound. As the Bitcoin price falls back to around $83,000, bearish sentiment among futures traders is growing stronger. Analyst Arab Chain pointed out that the latest data marks a clear shift from positive to negative financing levels recently, indicating a change in market sentiment. The current financing rate serves as a warning, and traders need to pay attention to financing and spot demand to determine whether bearish pressure will continue or if the market is at risk of a sudden rise.