According to glassnode, the BTC funding rate has flipped negative, indicating a shift in trader sentiment with increased short positions building across major cryptocurrencies, including BNB and ADA. Notably, Solana now ranks as the 6th lowest funding rate among tracked assets on Glassnode Studio, signaling heightened short activity and potential downward price pressure. These developments are critical for traders monitoring perpetual swaps and funding rates, as negative rates often precede volatility or potential reversals. Source: glassnode (May 28, 2025).