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People are heavily shorting this rally.
The 1D Funding level is close to the $60k bottom levels.
If it wasn't for that, this would be the biggest negative funding day since March 2023.
3 years!
We also have Spot buyers pushing here and the strongest 1D Coinbase premium since October 13th when Bitcoin was nicely over $100k.
This is a genuinely strong rally and shorting this level will be very tricky.
Daily close today will be pivotal.