Bitcoin (BTC) • We are about to reset funding rates before...Bitcoin is likely to see a small drop to 55k and in most extreme scenario around 49k.
This move will bring a necessary reset to Perpetual Swaps and Funding rates as well as a small flush of the premiums in the Futures market as December is currently trading in contango at 22% premium.
Options by the end of the month show significant interest around 80k and some bears expect under 60k. Chances are we end up above 64k by EOM.
