Bitcoin's funding rate on OKX fell to its lowest since August, turning negative as the price dropped below $70,000. This shift means short sellers are now paying longs, indicating a crowded short side and expensive downside protection ahead of the November 27 options expiry. Open interest fell over 10%, showing leverage is being unwound after forced liquidations and profit-taking. Despite this, the market remains cautious with prices below key moving averages and demand for downside protection, suggesting any recovery may be technical unless bitcoin rises above $73,040.
Bitcoin price prediction is the subject, with Pluang market data as context for readers. As of Nov 13, 2026 16:02 WIB, among 50 major cryptocurrencies tradable on Pluang, 13 rose and 36 fell today. Notable movers include ETH at Rp35.238.566 with a 1-day change of -5.23%, CAKE at Rp31.265 down 5.00%, and UNI at Rp105.910 down 4.62%.
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