Bitcoin Rebounds After Strategy Sale Announcement as Funding Rate Hits 9%

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Bitcoin recovered from a selloff to $61,300 after Strategy’s Bitcoin sale announcement, while the annualized perpetual futures funding rate rose to 9%. US-listed spot Bitcoin ETFs recorded $223 million in net inflows on Friday after 10 consecutive outflows. Glassnode data showed long-term holder transfers to exchanges fell to 4,130 BTC per day from 8,040 BTC one week prior.
BTC-0.28%
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