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CryptoQuant analyst Darkfost stated that Bitcoin funding rates have returned to the signals before the significant increases in September 2024 and December 2022, and pessimistic sentiment has recently reached its peak. From March to May, Bitcoin experienced a pullback of over 50%, and the accumulation of short positions pushed the funding rate down to negative values. Subsequently, BTC rebounded to $82000 in May. At present, the signal has reappeared, leaving room for bullish reconstruction in the coming months. This indicator is converted into a monthly sentiment aggregation tool, which is more effective than the Fear and Greed Index.