Bitcoin slips to $79,000, DOGE leads majors losses as negative funding rates set 10-year record
Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research....
Key takeaways
- 1Bitcoin pulled back to $79,614 from $81,500 high amid U.S.-Iran tensions but remains up 3.3% on the week.
- 2Crypto futures negative funding rates hit 67 consecutive days, the longest streak in 10 years, setting up potential short squeeze.
- 3Analysts target $93,000 medium-term but warn overbought RSI signals and geopolitical risks may trigger another pullback first.
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Why it matters
Negative funding rates create short squeeze opportunity if Bitcoin breaks $83,200, while geopolitical tensions and overbought conditions present near-term volatility risks. For Indian retail investors, this signals both bullish medium-term potential and the need for caution on near-term positioning amid macro uncertainties.
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