As of writing, bitcoin shows no signs of bullish exhaustion, with prices trading above $45,000. The cryptocurrency rallied over 56% in the final quarter of 2023 as speculation gripped the market that the U.S. Securities and Exchange Commission would approve one or more spot-based BTC exchange-traded funds (ETF). Per Reuters, the decision may come as soon as Tuesday.

![Bitcoin [BTC] Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66% Bitcoin [BTC] Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66%](https://www.coindesk.com/resizer/LOsvW1XcSwgbLrlpb8kvro2qZLA=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4YM5LQG7PJHZPMFDVFI4ZIJDZY.jpg)