Bitcoin funding rate hits 2-week high: Is $70K next?
Bitcoin’s funding rate and orderbook setup signal investor optimism, but ETF outflows and macro red flags could limit BTC’s short-term upside.
Key takeaways:
The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now.
Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and gold signals a preference for cash.