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Bitcoin Rally Faces Test as Funding Rates Stay Flat
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Bitcoin Funding Metrics Hit 2022 Lows as BTC Trades Near $76K
Michael van de Poppe posted that Bitcoin is at a capitulation point, citing eleven indicators. Van de Poppe said annualized perpetual funding is near 5%, meaning shorts are paying longs. Bhutan moved another 100 BTC worth about $7.83 million from state-linked wallets. Bitcoin traded near $75,962 on Wednesday as market data showed weaker price action and rising derivatives stress. According to CoinMarketCap, BTC slipped 0.21% in 24 hours, while i…
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