The post Bitcoin Holds Above $108,800 As Funding Rate Trends Point To Bullish Continuation appeared on BitcoinEthereumNews.com.

Bitcoin holds above $108,800 with trading volume surging 32% in 24 hours. Funding rate percentile at 54.89% signals possible bullish continuation. Historical drops near 50% in funding rate often preceded Bitcoin price rallies. Bitcoin maintained its position above $108,800 on July 7, continuing a short-term uptrend that began the previous day. The price action followed a surge in trading volume and coincided with a historically consistent funding rate signal that has previously marked local market bottoms. As of 10:00 AM UTC on July 7, Bitcoin was priced at $108,874.69, reflecting a 0.76% increase over the past 24 hours. According to CoinMarketCap data, 24-hour trading volume jumped 32.2% to $39.63 billion, while market capitalization reached $2.16 trillion. The fully diluted valuation stood at $2.28 trillion. Additionally, the volume-to-market-cap ratio rose to 1.83%, indicating strong market engagement. Source: CoinMarketCap The price climb began around midday on July 6, with Bitcoin moving up from $108,060. It registered multiple intraday highs through the evening and touched $109,200 before encountering minor resistance. Throughout the early hours of July 7, price movement fluctuated between $108,600 and $109,200, maintaining support above $108,700. The current circulating supply of Bitcoin is 19.88 million BTC, representing over 94.7% of the total maximum supply of 21 million BTC. Funding Rate Percentile Signals Trend Continuation New chart data tracking the 30-day percentage funding rate across Binance, Bybit, OKX, and Deribit shows that Bitcoin’s upward price movement has coincided with recurring dips in speculative positioning. The percentile currently stands at 54.89%, a neutral-to-slightly bullish range, following a rally from a local bottom recorded in April 2025. Source: X Funding rate historical data has shown that negative shifts in the 30-day percentile to lower levels, and frequently to the 50th percentile level, have consistently been followed by bull runs. These were held in September…

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Filed under: News - @ July 7, 2025 11:29 pm