Bitcoin Funding Rate Drops 85% As Speculative Appetite Weakens – Details

Quick Summary:

Bitcoin has faced volatility and selling pressure since the start of February, dragging down altcoins and meme coins as bearish price action takes over the market.

Bulls are showing signs of exhaustion, and analysts are calling for a broader correction, suggesting that BTC could see further declines before finding solid support.

The $96K level is now acting as a key battleground for bulls and bears alike, with its outcome set to dictate Bitcoin’s trajectory in the short term.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bitcoin News Bitcoin demand Bitcoin analysis Bitcoin news Btc BTCUSDT Bitcoin ATH Bitcoin Funding Rate Bitcoin Price Analysis Bitcoin price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-08 @ 20:00:06 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 56 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25985832

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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