Near Record High Funding Rate Suggests Bitcoin Pullback Not Over

Bitcoin hit a record high above $73,500 about three weeks ago and then quickly retreated to the $61,000 area. It’s since retraced to the current $67,600, giving bulls some hope that new records are imminent. At least one sentiment indicator, though, indicates that the price correction has more room to run.

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Cryptocurrencies: 17,170
Markets: 1,282
Marketcap: $ 2.81 T
24h Vol: $ 143.23 B
BTC Dominance: 59.06%