Bitcoin Faces $79,510 Breakout Test as US Demand Signals Weaken

robot
Abstract generation in progress

Bitcoin traded at $79,098 and approached the $79,510 breakout level again as the Coinbase Premium Index fell from 0.038 on April 22 to 0.020 on April 27. Open interest also dropped to $32.89 billion and the funding rate narrowed to -0.002%, reducing short-squeeze support.

BTC-0.26%
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