Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Bitcoin(CRYPTO: BTC) continues to stall below $80,000, but interest in Ethereum(CRYPTO: ETH) remains high, with funding rates on Binance hitting a one-year high.
Why Bitcoin Keeps Failing at $80,000
CryptoQuant analyst <a href="https://x.com/cryptoquant_com/status/2092284003134902305" rel="nofollow noopener" target=”_blank”>XWIN Japan wrote that on-chain data shows nearly every investor group has returned to profit, which is exactly why $80,000 keeps rejecting.
Long-term holders show an unrealized PnL indicator of 21.1, short-term holders at 13.4, and even the newest investors at 5.3, meaning more holders now have profits available to take off the table.
The SOPR Ratio, which measures long-term holder selling relative to short-term holders, briefly rose to 1.4 as Bitcoin approached $80,000 before falling back to 0.93, signaling long-term holders stepped in to sell into the strength.
ETF inflows and lower Treasury yields are supporting demand, but profit-taking from existing holders keeps a lid on any sustained break higher.
A clean break above $80,000 backed by continued spot and ETF demand targets $88,000 to $90,000. Losing the $75,000 to $76,000 support zone would weaken short-term holder profitability and accelerate any correction.
Why Ethereum’s Funding Rate Surge Matters
CryptoQuant analyst ArabxChain wrote that Ethereum’s funding rate on Binance has climbed to approximately 0.01, its highest level since August 2025, coinciding with ETH trading near $2,400.
A positive funding rate means long holders pay fees to short holders, and the higher the rate, the greater the conviction that longs are willing to pay to maintain upside exposure.
The surge reflects a clear shift in derivatives sentiment toward long positions, reinforcing the spot rally driven by improved risk appetite and returning ETF flows into Ethereum products.
The caution is that elevated funding rates also mean a larger pool of leveraged longs that could get squeezed if price reverses sharply.
Bitcoin’s stall comes from real holders cashing out profits. Ethereum’s rally is mostly leveraged bets, not new buyers—so if prices dip, ETH could fall faster and harder than Bitcoin.
BTC and ETH Price Analysis
Bitcoin holds near $79,500, forming a rising wedge into the $80,500 resistance zone. A clean break targets $82,000 while rejection sends price back toward wedge support near $76,500. The Parabolic SAR at $79,696 is the immediate pivot.
Ethereum broke above $2,450 with the next targets at $2,600 then $2,700. RSI at 76 sits in overbought territory, making a pullback to retest $2,300 to $2,350 the higher-probability short-term path before continuation. Losing the 20-day EMA at $2,188 invalidates the breakout.
Market News and Data brought to you by Benzinga APIs
To add Benzinga News as your preferred
Source: www.benzinga.com