Bitcoin\u2019s price is approaching a critical technical zone just below $98,000, as funding rates across major exchanges flip positive. While the recent rally has fueled bullish sentiment, growing leverage in the derivatives market is raising caution flags for traders closely monitoring the sustainability of this move.<\/p>\n\n\n\n
After a powerful short squeeze pushed Bitcoin (BTC)<\/strong> higher, the asset is now encountering multiple layers of resistance<\/strong>, including:<\/p>\n\n\n\n BTC is currently trading between $96,250 and $97,800<\/strong>, consolidating below this critical confluence zone. Breaking above it with strong volume would signal a bullish continuation, potentially toward the psychological $100,000<\/strong> level. However, failure here could trigger a cascade of long liquidations.<\/p>\n\n\n\n One of the most telling metrics in current market dynamics is the shift in funding rates<\/strong>. In perpetual futures markets, funding rates are payments between traders based on the difference between the spot and futures prices. A positive funding rate<\/strong> means long traders are paying short traders a sign of bullish positioning<\/strong>.<\/p>\n\n\n\n While this suggests strong confidence in upward movement, it can also indicate the market is becoming overleveraged<\/strong>. If spot buying and volume don\u2019t support this sentiment, the market may experience a sudden pullback or \u201clong squeeze,\u201d flushing out overexposed positions.<\/p>\n\n\n\n For now, Bitcoin remains at a crossroads. While the rally has sparked optimism, the interaction between funding rates and technical resistance will likely determine the next major move. Traders are advised to tread carefully as BTC hovers near a potential inflection point.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price is approaching a critical technical zone just below $98,000, as funding rates across major exchanges flip positive. While the recent rally has fueled bullish sentiment, growing leverage in the derivatives market is raising caution flags for traders closely monitoring the sustainability of this move. Bitcoin Tests Major Resistance After a powerful short squeeze…<\/p>\n","protected":false},"author":3,"featured_media":8388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,949,950],"class_list":["post-8387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-resisteance","tag-trendline"],"yoast_head":"\n\n
Funding Rates Turn Positive<\/h3>\n\n\n\n
What to Watch Next<\/h3>\n\n\n\n
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