Bitcoin Funding Flips Positive, Is $85K Next?
Cointelegraph
Bitcoin shows potential for an $85,000 rally as funding rates turn positive, despite lingering skepticism from professional traders and geopolitical uncertainties.Summary
Bitcoin has maintained stability around the $80,000 mark, with perpetual futures funding rates recently turning positive for the first time in a month. While this indicates a shift toward bullish sentiment, professional traders remain cautious, as evidenced by a 10% put-call option skew and recent ETF outflows. Meanwhile, Bitcoin miners are pivoting toward AI infrastructure to bolster profitability, and institutional entities like Strategy (MSTR US) continue to accumulate BTC. Despite macroeconomic headwinds and geopolitical tensions, the path to $85,000 remains possible if spot ETF inflows regain momentum.
(Source：Cointelegraph)