CoinTelegraph
Bitcoin Defies Strategy's BTC Selloff: Funding Rates Surge to 9% as Bulls Reclaim Ground
July 6, 2026•06:06 PM
Bitcoin demonstrated remarkable resilience, swiftly rebounding to the $61,300 level following news of a significant BTC sale by Strategy. This rapid recovery, coupled with funding rates hitting a staggering 9%, suggests that market bulls are aggressively positioning themselves for further upward momentum despite initial volatility.
While the selloff briefly shook investor sentiment, the company's move to secure an additional $216 million in cash has eased fears regarding debt coverage and dividend stability. The core question now facing the crypto market is whether this quick reversal confirms that Bitcoin bulls have officially seized control of the current trend.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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