Bitcoin funding rate hits 20-month high as long positions surge

Bitcoin funding rates have climbed to their highest level in about 20 months, with long positions now heavily crowded, according to U.Today. The report said futures traders are strongly betting on further gains and are willing to pay higher costs to maintain long positions. The relative strength index, or RSI, has risen to around 52, indicating a modest improvement in momentum without entering overbought territory. At the same time, long positioning remains excessive before price confirmation is complete, leaving the market vulnerable to large-scale cascading liquidations if support breaks.