Bitcoin’s average Funding Rate across major exchanges has dropped into negative territory. This situation has historically preceded price rebounds, bolstering investor optimism for BTC.
Selling pressure in the spot market has significantly declined, with volumes falling from 6.2 billion USD to 2.4 billion USD. Whale activity has also diminished, indicating a reduction in selling.
If macroeconomic indicators stabilize, BTC could recover, potentially reclaiming resistance at 86,701 USD. A decline, however, might drop prices to 81,155 USD.
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