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📰 【Negative funding rates hit a new high for the year, Bitcoin tests the $76k mark】
Bitcoin's funding rate hits a new negative high for the year, as the price tests the $76k level, the market may face a short squeeze risk — or it could fall into a bull trap.
Funding rates hit a new low for the year, with bears aggressively adding positions near $BTC 76K. It could be fuel for a short squeeze or a noose for the bulls. The market is waiting for a directional slap.