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via CoinDesk · By CoinDesk Staff
Onchain data and funding rates indicate bitcoin’s worst correction phase could be over
BTC
BTC/USDT
$63,311.38
+0.39%
$63,311.38
+0.39%
(24s)24h Volume
$2,358,999,733.23
24h H/L
$63,340.00 / $62,968.45
Change: $371.55 (0.59%)
Long/Short
67.7%
Long: 67.7%Short: 32.3%
Funding Rate
+0.0032%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(11:57 AM UTC)
1 min read
These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom
Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year.
The biggest question facing bitcoin BTC$77,340.41 investors is whether the market bottom was set in early February, when the largest…
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