Bitcoin Heads Toward $80K With Bullish Leverage - But Is BTC Rally Still Healthy?
- Bitcoin funding holds at 0.005%-0.010% as BTC pushes back toward $80K.
- BTC has rebounded over 30% from $58K-$60K June lows toward the $80K zone.
- The $73,880 MVRV band is key, with $100,052 next if BTC breaks higher.
Bitcoin is pushing back toward $80,000 as leveraged traders increase bullish exposure, placing the Bitcoin funding rate at the center of the marketโs latest test. Open interest-weighted funding has remained positive through August, showing that long positions continue to dominate derivatives trading.
However, funding remains below levels associated with more heavily stretched positioning, leaving traders to assess whether the rebound can continue without leverage becoming a larger source of downside risk.
Bitcoin has recovered since falling toward $58,000-$60,000 in late June. BTC has since climbed toward $78,000-$80,000, representing a gain of morโฆ
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