As Bitcoin’s recent price correction brought funding rates back to normal levels, an intriguing market dynamic has emerged. Despite the now “cheaper” Bitcoin, demand from the futures market remains muted. This contrasts sharply with the resilience shown in the spot market, where investors have largely refrained from liquidating their positions.
This divergence paints a fascinating picture of market sentiment. Spot holders are demonstrating strong confidence, with panic selling seeming unlikely unless the price drops below the critical $89,000 threshold. Meanwhile, a potential support zone is forming between $90,000 and $93,000, which could prove crucial for price stabilization or even a rebound.
Written by onatt
