đš Bitcoin crossed $86K. But $86,000 isnât the number Iâm watching.
#bitcoinfundingratetriplesto10%
Itâs 10%.
BTC funding has roughly tripled from 3% to 10% since Sept. 30, while open interest jumped 27,000 BTC to ~653,000 BTC ($56.2B).
That means the rally is no longer just about spot momentum.
Leverage is coming back.
And todayâs macro catalyst gave bulls fuel: U.S. payrolls rose only 29K vs. 90K expected, while unemployment climbed to 4.2%. The weaker report pushed Treasury yields lower and reduced expectations for another Fed hike.
But hereâs the contradiction:
U.S. spot Bitcoin ETFs attracted $2.65B in September, yet their nine-day, ~$3.1B inflow streak just ended with a $148.7M outflow.
So BTC now has macro fuel + institutional demand + rapidly rebuilding leverage.
The question is:
Can spot demand keep absorbing the leverage â or does 10% funding become the next volatility trigger?
Nugget: when price, open interest and funding rise together, the next move becomes increasingly sensitive to positioning.DYOR
$BTC
#BitcoinFundingRateTriplesTo10%
#BitcoinSurpasses$86KUp2.99%
#bitcoin #Stinkmeanerinsights
#bitcoinfundingratetriplesto10%
Itâs 10%.
BTC funding has roughly tripled from 3% to 10% since Sept. 30, while open interest jumped 27,000 BTC to ~653,000 BTC ($56.2B).
That means the rally is no longer just about spot momentum.
Leverage is coming back.
And todayâs macro catalyst gave bulls fuel: U.S. payrolls rose only 29K vs. 90K expected, while unemployment climbed to 4.2%. The weaker report pushed Treasury yields lower and reduced expectations for another Fed hike.
But hereâs the contradiction:
U.S. spot Bitcoin ETFs attracted $2.65B in September, yet their nine-day, ~$3.1B inflow streak just ended with a $148.7M outflow.
So BTC now has macro fuel + institutional demand + rapidly rebuilding leverage.
The question is:
Can spot demand keep absorbing the leverage â or does 10% funding become the next volatility trigger?
Nugget: when price, open interest and funding rise together, the next move becomes increasingly sensitive to positioning.DYOR
$BTC
#BitcoinFundingRateTriplesTo10%
#BitcoinSurpasses$86KUp2.99%
#bitcoin #Stinkmeanerinsights
