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.

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