Bitcoin recovers from Strategy's BTC sale, funding rates hit 9%: Are bulls back?
CoinTelegraph·
60-second summary
Bitcoin recovers from Strategy's BTC sale, funding rates spike to 9%, and bulls regain control, indicating their ambitious positioning remains intact. The rapid rebound suggests investors are unfazed by the news, with Bitcoin's price stabilizing around $26,500. Market sentiment suggests a possible resurgence in buying pressure, potentially driving further price increases.
Bitcoin sold off as news of Strategy selling BTC shook investors’ nerve but the quick rebound suggests bulls remain ambitiously positioned.