On-chain analytics firm CryptoQuant has highlighted a significant trend in Bitcoin futures, indicating a "strong bullish sentiment" among traders.

This sentiment is derived from the record-long positive Bitcoin futures funding rates, which are periodic payments exchanged between traders betting on the future price movements of Bitcoin (CRYPTO:BTC).

Such prolonged positive rates could potentially signal an upcoming price correction for Bitcoin, an event that market analysts consider as potential prime buying opportunities for investors.

According to a report shared by a CryptoQuant analyst on the social media platform X on April 3rd, these unusually long positive funding rates in the Bitcoin futures market are noteworthy.

Typically, futures funding rates are used as a mechanism for balancing the market, ensuring that the prices of futures contracts closely follow the actual spot price of Bitcoin.