Bitcoin funding rates have hit their highest level in approximately 20 months, signaling renewed optimism among derivatives traders. The BTC price is trading around $64,100, below key resistance near $66,300. Traders are increasing their long exposure, driving up periodic payments between long and short perpetual futures holders. The defense of the $60,000 to $62,000 range has lowered expectations of another significant collapse. However, this concentration of leveraged positions carries a risk of liquidation if the price unexpectedly loses its current support structure.
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