Bitcoin funding rates turn positive: Is a BTC rally to $85K next?
Bitcoin’s funding rate turned positive as the cryptocurrency held the $80,000 level. Will an uptick in spot ETF inflows trigger a rally to $85,000?
Key takeaways:
Bitcoin (BTC) flirted with the $82,000 level on Monday, sparking a brief surge in demand for bullish leverage. Bitcoin has held near $80,000 for over a week, prompting many traders to bet on further upside. However, derivative metrics show that professional players remain skeptical, leaving many to wonder whether $85,000 is actually within reach.
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