Bitcoin Reclaims $90,000 as Funding Rates Signal Potential Rally
Bitcoin has regained the $90,000 level after a correction that saw it drop to $74,000. It has risen by 13.1% in two weeks and trades at $90,279, with a 3.3% increase in the last day.
Key Observations
- Funding rates on Bitcoin futures have increased, indicating more aggressive long positions among traders.
- This shift suggests potential testing of the $93,000 resistance level if the upward trend continues.
- Long-term holders are accumulating BTC again, marking a strategic investment approach, while short-term holders are exiting the market.
- The divergence between long-term and short-term holder behavior may signal a re-accumulation phase, historically linked to upcoming price increases.
