📊 $BTC #Matrixport : Bitcoin Rally Fueled by Spot Buying as Futures Traders Hesitate.

Despite Bitcoin's 10% rally over the past week, the funding rate has turned negative, indicating that the rally is being driven by actual Bitcoin buying in the spot market rather than leveraged trading in the futures market.

If prices continue to rise, futures traders are likely to turn bullish, pushing the funding rate positive and potentially driving prices even higher.