Bitcoin Bulls Beware: Near Record High Funding Rate Signals Potential Pullback to $60,000
The Bitcoin funding rates have reached a record-high level last seen during the bull run of April 2021, signaling caution for any rally ahead. On-chain analysis shows that despite widespread profit-taking and selling, Bitcoin price drawdowns have barely exceeded 20%. Over the last two weeks, the Bitcoin (BTC) price has been facing significant volatility correcting more […