💥 Red Funding Rates Preceded 80% Bitcoin Surge - Is BTC Set to Pump Again?
Standard Chartered has also raised an optimistic outlook for BTC. As noted in our earlier post, the global bank targeted BTC at $135,000 in Q3. This projection aligns with an earlier forecast from Berstein Research, as detailed in our last news piece.
Bitcoin futures funding rates flipped negative, suggesting a potential price rebound ahead.
Momentum for Bitcoin is improving with BTC eyeing the ATH.
The Bitcoin (BTC) futures funding rates have brought optimism for bulls. Notably, this metric flipped negative in late June. During this period, the BTC spot price climbed from below $100,000 to $108,000.
In the past, such a divergence indicated a major price boom ahead for Bitcoin. In one cycle, the price of BTC surged 80%.
