Why do negative or flat funding rates matter for BTC today?

Funding shows who is paying to hold leverage. Negative or flat funding while spot rises signals skepticism from perp traders, raising the odds of failed breakouts. If funding turns positive alongside rising price and open interest, that confirms real demand and supports continuation rather than a squeeze-driven pop.

What BTC price levels are most important right now?

US$71,380 is near-term resistance, while US$68,233 is key support. A clean close above resistance with positive funding would improve the bull case. A sustained break below support with soft basis and heavy put skew would favor downside tests. Plan trades around these levels with strict stops and defined risk.

How should Canadians approach crypto exposure in registered accounts?

You cannot hold coins directly in RRSPs or TFSAs, but you can use crypto ETFs. Check currency hedging, management fees, and premiums or discounts to NAV. ETFs may lag spot moves, so align trade horizons. This is not tax advice. Consult your provider to confirm eligibility and product structure.

Are options skew and implied volatility useful for day traders?

Yes. Rising put skew with firm implied volatility often signals demand for protection, which can cap rallies. If skew compresses and calls get bid while price and funding rise, momentum trades have better odds. Use these as confirmation tools, not sole triggers, and pair them with clear levels and stops.

Global Market Insights

BTCUSD Today: February 9 – Spot Rebound, Derivatives Stay Bearish

ByDanny Kontos February 10, 2026February 10, 2026

Bitcoin’s spot rebound is testing US$70,000, but derivatives still flash caution. For Canadians active in cryptocurrency trading, that split can drive sharp intraday swings. As BTCUSD trades near US$70,392, futures basis looks soft and options hedging remains firm, hinting that the bounce lacks conviction. Today we focus on perpetual funding rates and options skew, the two cleanest tells for near-term direction. Below, we map the signals, key levels, and a practical plan that fits Canadian platforms, fees, and account rules.