BTC price is rising, but the funding rate is still negative, indicating an unwilling rebound. Recently, BTC reached $73k, yet the funding rate remains negative. The price is moving upward, but the market response hasn't kept up, more like a forced short covering after extreme fear pushed the price higher! Some coins, like TAO, continue to decline. So don't treat today's bullish candlestick as the start of a new cycle.

BTC0.48%
TAO6.1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin