Bitcoin is testing the $95,000 price support, after $100,000 failed to cushion the market-wide bearish momentum. Although the world’s leading cryptocurrency seems to be losing the fight to re-attain its six-figure valuation, on-chain data reveals that there is a growing amount of bets being placed on Bitcoin.

Divergence In Funding Vs Price Indicative Of Aggressive Positioning

In a QuickTake post on November 15, analyst KriptoCenneti shares insights concerning the market balance amid the ongoing price fall. Per the analyst, Bitcoin’s Funding Rate has consistently stayed within positive values over the past month. As BTC crashed from prices above $110,000 to around $96,000, funding rates have maintained values within the 0.003–0.008% range.

KriptoCenneti explains that this specific type

See Full Page