Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record
CoinDesk
Bitcoin pulled back to $79,000 amid geopolitical tensions and a record-breaking 67-day streak of negative futures funding rates.Summary
Bitcoin declined to $79,000 following U.S. military strikes on Iranian targets, while major altcoins like Dogecoin also saw losses. The market is currently grappling with a record 67-day streak of negative funding rates, a condition that analysts suggest could set the stage for a short squeeze. Despite current volatility and an overbought Relative Strength Index (RSI), market experts view the pullback as profit-taking rather than a structural trend reversal.
(Source：CoinDesk)