Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?
Hex37's read
- Bitcoin bears opened large short positions as BTC fell to $60,000.
- Over $2.6 billion in short leverage is now trapped in the market.
- A potential short squeeze is being discussed by analysts.
What it means for traders
- High trapped short leverage could fuel a rapid BTC price increase if triggered.
- Traders should monitor BTC funding rates for signs of a short squeeze.
Affected markets
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