Bitcoin funding stays negative at $78K as short squeeze expectations grow

BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would likely result in a short squeeze.

Bitcoin (BTC) sought to match 10-week highs on Tuesday as market participants bet on a new short squeeze.

Key points:

Bitcoin is due a fresh short squeeze as funding rates uniquely stay negative as price grinds higher, say market pundits.

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