Bitcoin funding stays negative at $78K as short squeeze expectations grow
Burns Brief
BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would result in a short squeeze The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would result in a short squeeze.
Key Takeaways
- BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would result in a short squeeze