Bitcoin Rebounds From Strategy Selling as Funding Rate Hits 9%, Bolstering Bull Case

Strategy holds a large amount of Bitcoin, making reports of its BTC sales a potential driver of market confidence and short-term liquidity. The latest selling pressure briefly pushed Bitcoin lower, but the cryptocurrency held support at $60,000, indicating that spot selling was easing. Funding rates for perpetual contracts are meanwhile a key gauge of leveraged bullish and bearish sentiment.

Bitcoin recently recouped its losses quickly after Strategy sold BTC, while on-chain data showed that seller momentum had weakened. The annualized funding rate for perpetual contracts recovered to 9%, bringing the market back toward balance after a bearish tilt and creating an opening for the bull run to continue. The reports did not disclose the value of Strategy’s sale, the amount of BTC sold or the exact date.