Bitcoin Rises Toward Previous Highs as Market Buy Volume Shows Steady Growth

Bitcoin rallies past $100K with stable funding rates and steady market buy volume. Long-term holders hold firm as Bitcoin nears its previous all-time high of $108,786. Bitcoin’s current rebound lacks overheating, signaling healthier market conditions. The current Bitcoin rally, which began near $74,508 in early April and has now pushed the price past $100,000, stands out for its stability compared to previous surges. Recent on-chain and market data show the cryptocurrency rising without the signs of overheating seen in earlier bull cycles. This trend has caught the attention of analysts monitoring the relationship between price movements, futures funding rates, and market buy volume. In the last bull phase for Bitcoin , an increase in funding rates on Binance and increases in market buy volume coincided with new all-time highs, followed by notable corrections. As futures markets relied too heavily on leverage, the sharp increase in bullish sentiment caused quick stabilizations. However, the recent rally has not shown any significant changes in funding rates, and a drop in Binance’s buy volume was observed in recent CryptoQuant findings. This indicates … The post Bitcoin Rises Toward Previous Highs as Market Buy Volume Shows Steady Growth appeared first on Coin Edition .

Source: Coin Edition