Bitcoin Funding Rate Signals Breakout Above $65,000 – Real Possibility

Bitcoin Funding Rate Signals Breakout Above $65,000 – Real Possibility

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  • Bitcoin funding rates are showing a significant shift – a potential sign of a market trend reversal.
  • If Bitcoin breaks the critical $65,000 level, it may reach new all-time highs.

The funding rate for Bitcoin [BTC] has turned negative, signaling a shift in market sentiment. Traders are demonstrating caution as the long/short ratio has decreased to 1.61 at this time.

The futures market is reflecting stronger selling pressure with CVD futures reported at -1.91 billion. Historically, negative funding rates have often indicated market bottoms and recovery phases.

Trends from Bitcoin’s Funding Rate

According to K33 Research data from 2018 onwards, whenever the 30-day average funding rates dipped into negative territory, Bitcoin realized an average return of 79% over the next three months.

This phenomenon of negative funding rates has historically led to short squeezes which can drive prices higher as bearish positions amplify recoveries.

Source: Glassnode

Currently, Bitcoin is trading close to essential resistance around $58,000. Should it break through this level and maintain momentum above it, targets could reset towards $65,000.

A failure to breach the $58,000 mark might set Bitcoin up for further declines towards psychological support around $50,000.

Source TradingView.
Source TradingView
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Leading traders are taking long positions on exchanges .

Additional analysis shows that leading traders on Binance [BNB] have pivoted toward long positions , indicating strong confidence in price increases for BTC . p >
These seasoned traders often view it as a buying opportunity during periods of fear in the wider market . Analyses suggest an overall bullish sentiment . p >
Inside link:- “source-x”


Whales are showing aggressive buying behavior. h2 >
Activity among bitcoin whales indicates an aggressive purchasing strategy , reflecting growing bullish sentiment across sectors . pgm0564e043098508049ac888a3ce8038670dfed16a855c94adefa08c77be27599.
  • >> Prior observation indicates that new whale addresses operating minimum thresholds have increased their holdings by approximately fifteenfold compared to those from earlier years during cycles nearing peak bull runs.

    This growth in whale activity throughout this cycle highlights increasing adoption levels when juxtaposed with previous trends observed.

    The enhancements noted regarding increased leverage ratios within investment portfolios signify increased investor engagement pushing ahead towards prominent price actions unfolding across markets tonight !

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    ——
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    **Endnote @**

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