Bitcoin rally collapses at $97K as funding rate stalls, retail traders sit out - Source: CoinTelegraph

Key takeaways:

• -Retail traders remain sidelined despite BTC’s rebound, as low funding rates and muted interest point to fragile investor sentiment.

• -Institutional investors are buying the spot Bitcoin ETFs again and corporate buyers building BTC treasuries may help send BTC back to $100,000.

Bitcoin price stabilized near $95,500 on Thursday following an 8%, three-day rally that wiped out $465 million in short BTC futures positions. However, according to web search and derivatives metrics, retail traders have remained on the sidelines. Bitcoin’s pullback from $97,900 may have further weakened investor sentiment.

Story continues: https://cointelegraph.com/news/bitcoin-rally-collapses-at-97k-as-funding-rate-stalls-retail-traders-sit-out