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via The Block · By The Block Editorial

Bitcoin hits longest negative funding streak this decade as K33 flags short squeeze risk

BTC

BTC/USDT

$61,309.99

-1.19%

$61,309.99

-1.19%

(24s)

24h Volume

$30,196,764,852.43

24h H/L

$62,230.00 / $59,102.70

Change: $3,127.30 (5.29%)

Long/Short

68.3%

Long: 68.3%Short: 31.8%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,139.99

▲ 0.10%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,289.97

Resistance 1$61,824.92

Price$61,139.99

Support 1$61,067.23

Support 2$59,062.46

Support 3$52,643.43

Pivot (PP):$61,262.44

Trend:Downtrend

RSI (14):33.6

The Block Editorial

(11:41 AM UTC)

1 min read

Updated byDavid Kim

1324 views

0 comments

Trading back above $82,000 on Wednesday, bitcoin (BTC) has reached its highest level in over three months, while the longest negative funding streak this decade could amplify short squeeze risk, according to research and brokerage firm K33.

The 67 consecutive days of negative 30-day average funding rates, surpassing the run from March 15 to May 16 in 2020, reflect persistent defensive…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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