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$BTC
What we’re seeing looks more like a short squeeze than genuine strength, with funding rates cooling back toward neutral while steady spot selling continues from the 73.8K region.
This move above the previous high doesn’t seem to be fueled by spot demand, but rather driven by perp activity.
Price is printing higher highs, yet spot flow is making lower lows — a clear divergence that doesn’t signal real strength to #GoldmanSachsFilesforBitcoinIncomeETF #MarketCorrectionBuyOrHODL?