🟠Despite Bitcoin’s brief plunge to $102,000, funding rates on BTC futures have climbed to a record high of 0.01, reflecting persistent bullish sentiment among traders. Many continue to hold long positions in anticipation of a rebound — a strategy that has paid off so far, as BTC has stabilized between $110,000 and $114,000.
🟠However, analysts warn that elevated funding rates amid weak spot demand could pose risks. Expensive long positions may trigger another wave of liquidations if recovery momentum stalls. As long as this imbalance between derivatives and the spot market persists, the risk of sharp volatility and deeper corrections remains high.