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Bitcoin Stabilizes After ATH as Funding Rates Remain Calm
Over the past week, Bitcoin's price has remained relatively stable after reaching a new all-time high in the 123,120–123,471 USD range — a notable milestone that underscores the ongoing bullish trend. Meanwhile, funding rates across major derivatives exchanges such as OKX, Binance, Bybit, Deribit, HTX, and BitMEX have stayed relatively subdued, indicating a reduction in excessive leverage and a more cautious market stance. With little liquidation activity and funding rates hovering near neutral levels — rather than turning negative — the market appears to be entering a seasonal lull, often referred to as the "summer doldrums." Such quiet periods can sometimes precede the next significant move.