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Bitcoin Funding Rate Hits 20-Month High as Bearish Reversal Pattern Looms

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin funding rates hit a 20-month high, flashing historical local top warnings.
  • As retail longs unwind and a head and shoulders pattern forms, BTC faces downside risk toward $61,763 and $57,894 unless it breaks above resistance at $65,419.
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BTCUSD price history

77520.30 +17.67% over the displayed period

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