On Binance, the hourly funding rates have turned negative once again, meaning short positions are becoming dominant. Typically, this reflects an increased expectation of downside.
But here’s the interesting part:
The same thing happened yesterday, and Bitcoin quickly jumped from 89K to 92K, liquidating a large batch of short positions.
A similar setup is forming now.
With short positions piling up, the probability of a short squeeze increases — which could push the price upward in the short term.
Written by burakkesmeci
