While geopolitical tension and weak labor data are hurting market sentiment, institutional buying below $75,000 may soon exhaust sellers and spark a bull run.
Bitcoin (BTC) failed to break beyond $71,000 on Thursday, partially driven by the decline in the US stock market, with BTC funding rates dropping deeper into negative territory.
Key takeaways:
Bitcoin bears show high conviction as funding rates drop, but steady institutional buying keeps sellers in check.
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