I noticed that crypto is down this week, Bitcoin has fallen to 80.89K after reaching 81,500 dollars on Wednesday. Nothing dramatic considering it is still up 1.58% for the week, but what caught my attention is something else: the futures funding rates have remained negative for 67 consecutive days. It’s the record of the last ten years, basically. It means that shorts are paying to keep their positions open as the price rises. A perfect scenario for a squeeze if BTC breaks 83,200 dollars. Meanwhile, the rest of crypto is down with DOGE losing 3.8% and dropping to 0.11, Ethereum down 2% at 2.33K. Iran-US tensions have shaken the markets, although it seems more like a correction than a trend change. The RSI is in overbought territory, so I understand the caution. But with these persistent negative funding rates, the market is setting up for an interesting move. Some analysts see potential up to 93,000 dollars if we break the resistance. In the meantime, the declining crypto remains controlled, and Wall Street futures are even up 0.2%.

BTC-0.06%
DOGE0.79%
ETH-1.62%
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