Bitcoin Hits $81K Amid 66-Day Negative Funding

Bitcoin blasted through $81,000, defying a brutal 66-day streak of negative funding rates that typically signal bearish exhaustion, as perpetual futures traders bet big on upside amid easing liquidation pressures and renewed institutional inflows, per Decrypt insights.

Zooming into the 4-hour chart, BTC trades at $81,592.69, hugging the upper volatility band resistance at $81,587.51 in a clear bullish structure where the EMA50 at $78,483.78 acts as immediate support and the EMA200 at $75,091.57 anchors the longer-term floor; with RSI screaming overbought at 70.41 and MACD confirming a golden cross at 894.73, we're eyeing confluence for a tactical pullback to that EMA50 level before resuming the grind higher, especially if lower support at $77,237.08 holds firm against any crypto market crash fears.