Bitcoin Gains Momentum with Spot Buying and Low Leverage, More Upside Likely 🚀

Bitcoin's recent price rally appears to be driven by strategic spot purchases rather than speculative futures trading, as indicated by a low #funding rate near zero.

This suggests the market is not overly leveraged, offering traders an opportunity to take additional #long positions, with the potential for further price increases.

What do you think? đŸ€”

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#Binance

#crypto2024