JUST IN: Bitcoin Breaks $98,000 as Spot Buyers Absorb $120 Million Sell Wall.
The suppression at the range high has finally shattered. In the last hour, Bitcoin pushed through the $97,800 resistance block, trading currently at $98,240. This move is driven strictly by spot demand, with Cumulative Volume Delta (CVD) hitting a new weekly high while perpetual futures open interest remains flat.
This divergence is critical.
Unlike the leverage-fueled attempts earlier this week, this breakout is not spiking funding rates, which sit at a healthy baseline of 0.01%. This indicates "organic" price disco