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Surge In Derivative Bets Leaves Bitcoin "Ripe For A Short Squeeze" As ETF Inflows Accelerate
Traders aggressively betting on further moves south for Bitcoin could be caught unawares in the coming days and weeks, with the derivatives market forming a setup primed for a short squeeze. That’s according to research-led digital assets brokerage K33’s latest analysis, which found a mix of both negative perpetual swap funding rates in recent weeks and a spike in open interest. “This suggests aggressive shorting, structurally creating a setup ripe for a short squeeze,” K33 analyst Vetle Lunde wrote in a note to investors on Tuesday. As Decrypt reports, K33's call for a short squeeze hinges on the 7-day ... (full story)
