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via CoinDesk · By CoinDesk Staff
Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record
DOGE
DOGE/USDT
$0.06951
-0.59%
$0.06951
-0.59%
(24s)24h Volume
$158,272,644.84
24h H/L
$0.07018 / $0.06904
Change: $0.001140 (1.65%)
Long/Short
78.5%
Long: 78.5%Short: 21.5%
Funding Rate
+0.0056%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(05:00 AM UTC)
1 min read
Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research.
The longer the funding rates stay red, the louder the short squeeze gets.
Bitcoin BTC$79,626.40 traded at $79,614 in Asian hours Friday, down 1.6% over 24 hours but still…
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