Bitcoin Funding Rates Show Demand for Short BTC as $40,000 Turns into Resistance By Cointelegraph

Bitcoin funding rates show demand for short BTC as $40,000 turns into resistance

(Bitcoin) consolidated below $40,000 on April 23 as market expectations favored further losses.

1 Hour Candlestick Chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and trading view followed a bearish BTC/USD after the pair touched $39,200 at Wall Street’s open on Friday.

BTC funding rate chart. Source: CoinglassCrypto Fear & Greed Index (screenshot). Source: Alternative.me

DXY resistance sought for BTC trend break

US Dollar Currency Index (DXY) vs. BTC/USD annotated chart. Source: Crypto Rover/ Twitter (NYSE:) US Dollar Currency Index (DXY) 1-week candlestick chart. Source: TradingView

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