Bitcoin Hovers Near $86K as Rally Narrows and Bearish Derivatives Signals Mount
- —BTC at $86,379, up 1.3% in 24 hours, volume down 36% to $38 billion
- —38 of 100 CoinDesk 100 constituents are down intraday
- —Futures volume fell 21% to $2.27 trillion, OI up 1% to $159.4 billion
- —Binance USDT borrowing rate rose to 5.49%, near multi-month highs
Why it matters: The narrowing rally and rising sell-side derivatives activity point to correction risk, though support below $75,000 remains strong.
Source: PANews