BREAKING
440d 7h ago

Bitcoin Funding Rate Rises Amid Market Corrections: A Strong Bullish Outlook for 2025

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Matrixport has reported that the Bitcoin funding rate is on an upward trend, despite the market experiencing a typical correction. This indicates that leverage traders maintain their optimistic outlook towards Bitcoin‘s performance in the near future. Analysts suggest that a pullback to the critical $89,000-$90,000 range could act as a crucial support level, which many expect to help stabilize Bitcoin in the coming days. As the Thanksgiving holiday approaches, discussions around Bitcoin’s impressive year-to-date performance of over 119% are anticipated to dominate conversations. Furthermore, Bitcoin continues to be positioned as the top-performing asset of the year, particularly as traditional financial (TradFi) investors increasingly engage with it through ETFs. Forward-looking indicators suggest that by 2025, a significant influx of institutional investments could further bolster Bitcoin’s upward trajectory and enhance its long-term bullish sentiment.

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