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Currencies38934
Market Cap$ 2.72T+0.87%
24h Spot Volume$ 17.28B-2.03%
DominanceBTC57.63%+0.16%ETH10.88%+0.05%
ETH Gas0.04 Gwei
BitcoinMarketAnalysis
Aug 29, 2026
< 1min read
byPeter Mwangi
forCoinEdition
In crypto markets, Bitcoin is pushing toward $80,000 after rebounding more than 30% from $58K–$60K June lows, with the $73,880 MVRV band as near-term resistance and $100,052 the next target if BTC breaks higher. Open-interest-weighted funding has remained positive through August at roughly 0.005%–0.010%, signaling bullish leverage in derivatives markets but still below stretched levels, so funding rate risk could cap the rally.
See what traders are focused on
- Bitcoin funding holds at 0.005%-0.010% as BTC pushes back toward $80K.
- BTC has rebounded over 30% from $58K-$60K June lows toward the $80K zone.
- The $73,880 MVRV band is key, with $100,052 next if BTC breaks higher.
Bitcoin is pushing back toward $80,000 as leveraged traders increase bullish exposure, placing the Bitcoin funding rate at the center of the market’s latest test. Open interest-weighted funding has remained positive through August, showing that long positions continue to dominate derivatives trading.
However, funding remains below levels associated with more heavily stretched positioning, leaving traders to assess whether the rebound can continue without leverage becoming a larger
Bitcoin has recovered since falling toward $58,000-$60,000 in late June. BTC has since climbed toward $78,000-$80,000, representing a gain of mor…
Source: cryptorank.io