$BTC briefly dipped to $63,000, with the funding rate plunging to -6%, reflecting extreme bearish positioning and increasing the risk of a short squeeze.


  • Open interest rose from 668,000 BTC to 687,000 BTC in 24 hours, with over $500M liquidated.


  • Deep negative funding means short sellers are paying longs, signaling crowded bearish positions.


  • Historically, extreme negative funding often precedes sharp countertrend rallies as overleveraged shorts unwind.


    Currently, Bitcoin is attempting to reclaim $64,000. If successful:


Shorts may be forced to cover

  • Liquidation cascades could push BTC higher


    Funding rates could normalize quickly


    Failure to hold $63,000 support may embolden bears and continue the downside.


📌 Summary: The market is highly volatile, with crowded shorts, massive liquidations, and elevated geopolitical risk. Bitcoin’s next move could be sharp up or down.


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#BTC #BitcoinAnalysis #ShortSqueeze #CryptoVolatility