"Bitcoin knocked on the door of $80,000 this week, while Ethereum and the altcoin space bled away again. The S&P 500 retouched all-time highs again, while the Russell 2000 broke record levels in an apparent comeback for risk appetite."
"Despite all of that, the dominant mood shifted on the back of Bitcoin's rally. One of the most compelling stats floating around was the idea that every time Bitcoin has rallied 30% off a low, it has never revisited that low."
"Funding rates turned extremely negative, which historically has often looked more like a bottom signal than the start of a collapse. That's one of the classic features of a recovering market: positioning gets too bearish just as the underlying asset starts stabilizing."
Bitcoin neared $80,000, signaling a resurgence in crypto risk appetite. Tether minted $3 billion and froze record USDT, intensifying the Bitcoin versus stablecoin dynamic. THORChain transferred 75,700 ETH in a short period, highlighting ongoing debates about DeFi security and privacy. Despite challenges like hacks and stablecoin freezes, the market mood shifted positively due to Bitcoin's rally. Historical data suggests that Bitcoin rarely revisits lows after a 30% rebound, providing traders with a psychological anchor as funding rates turned negative, indicating potential market recovery.
Read at news.bitcoin.com
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