Crypto-BTCUSD
Bitcoin's cumulative 30-day funding rate is sitting at -7%, which means short positions have handed money to longs every eight hours for a full month. Open interest dropped from 800K BTC to 715K in April as that pressure bled out leverage. The base is cleaner now, but the ceiling isn't gone: $77,279 is the immediate resistance, and a confirmed break above $79,178 triggers $841 million in short liquidations. The order book has been building toward this for weeks. Trade Bitcoin Multipliers on Deriv Trader. Amplify swings up to 800x, your loss capped at your stake. Join Deriv Sign up
