Bitcoin's $76,000 breakout fails but a rare signal is hinting at major market bottom
CoinDesk·2h ago·Hope
What Happened
Bitcoin briefly exceeded $76,000 resistance but retreated below $74,000, ending the day near $74,300 with a 1.3% gain. Ether advanced 2.5%. According to K33 Research, funding rates on Binance perpetuals remained negative for eleven consecutive periods despite the rally. Negative funding rates combined with rising open interest historically precede sharp upside moves. The 30-day average funding rate has been negative for 46 consecutive days.
Key Entities
BitcoinEthereumBinanceK33 ResearchVetle Lunde$76,000$74,300