BTC price holds near $75,000 as short-term holders look for profit opportunities: Crypto Markets Today

Bitcoin Bitcoin$74,795.35 USD/USD remains hovering near $75,000 as it hits a supply wall, while institutional demand remains steady and traders weigh progress in U.S.-Iran peace talks amid a two-week ceasefire. The CoinDesk 20 (CD20) index gained about 1.9% in the past 24 hours, while Bitcoin gained 1% as risk sentiment improved amid reports of an…

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Bitcoin funding rates turn most negative since 2023, signaling potential market bottom

Bitcoin Bitcoin$74,786.80 Financing rates have reached their lowest levels since 2023, a signal that has historically coincided with a market bottom as BTC continued its push towards $75,000. According to data from Glassnode, financing rates have dropped to around -0.005% based on the 7-day moving average. Funding rates are periodic payments exchanged between long and…

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