2025-12-29 10:06:18

BTC's early morning rally was quite significant, jumping by 2.6%. However, the holiday market situation is a bit awkward—liquidity is indeed thin, and prices are mostly driven by spot and perpetual contract buy orders, with liquidations not being as obvious.

From the perpetual perspective, the funding rate on Deribit has surged above 30%, indicating that traders are mostly betting on long positions and are in a typical short gamma state. If the price holds above the key level of $94,000, it could trigger large buy orders from hedge funds, further pushing the market higher.

Looking downward, the $85,000 support level in December is something to watch. Whether this level can hold will directly impact the subsequent direction.

BTC1,91%

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DEXRobinHood

· 01-01 09:55

A 30% fee rate is really outrageous. Now we're just waiting to see if 94k can hold.

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PhantomHunter

· 01-01 06:26

A 30% fee rate is so outrageous, it feels like it will break with just one poke.

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bridgeOops

· 01-01 04:11

Fee rate 30%+? Who can bear that? Eventually, rationality will prevail.

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GasFeeWhisperer

· 2025-12-30 16:29

Holiday market conditions are like this: when liquidity is thin, a few big players can easily push the market back and forth, feeling a bit like riding a roller coaster.

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OnChainDetective

· 2025-12-29 10:36

30% funding rate? That's obviously suspicious. We need to find out who's behind the pump.

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ApeWithNoChain

· 2025-12-29 10:31

Liquidity is thin, so it gets pulled like this. Holiday market conditions are indeed easily disrupted.

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OnlyUpOnly

· 2025-12-29 10:21

30% fee rate... We're almost out of juice, this wave is really squeezing the bubbles.

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FUD_Vaccinated

· 2025-12-29 10:19

A fee rate of 30%+ is really outrageous. Are these people crazy? They'll be exposed sooner or later.

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DaoGovernanceOfficer

· 2025-12-29 10:11

funding rate hitting 30%+ is absolutely wild — empirically speaking, this screams positioning imbalance. the data suggests we're basically watching a leverage-fueled pump on thin holiday liquidity... tbh not super bullish without actual organic volume backing it up.

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MEVvictim

· 2025-12-29 10:10

30% fee rate? That's outrageous. A bunch of people are betting on the bulls. If this wave crashes down, it would be disastrous.

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