PANews, April 26 news, VanEck analysts Matthew Sigel and Patrick Bush wrote an analysis stating that Bitcoin has shown two historically bullish signals: negative funding rates and a decrease in hash rate concentration, while volatility has cooled down. With the easing of tensions between the US and Iran, Bitcoin's realized volatility has fallen from 56% to 41%, while the 7-day average funding rate turned negative to -1.8%, marking the lowest level since 2023. Historical data shows that a negative funding rate typically indicates strong future returns: since 2020, the 30-day average return of Bitcoin during periods of negative funding rates has been +11.5%, compared to an overall return of +4.5%, with a hit rate as high as 77%. Funding rates below -5% have brought +19.4% returns over a 30-day period. Additionally, hash power has dropped to the 16th percentile in the past 30 days, the most concentrated drop since the mining ban in 2021. In the last 7 instances of hash power declines, 6 saw Bitcoin prices rise 90 days later, with a median increase of +37.7%.

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