Bitcoin Derivatives Data Hints At Major BTC Short Squeeze, $70,000 Coming?

K33 Research, the popular crypto market analytics platform, noted that the Bitcoin derivates data points out the growing risk of a major “short squeeze” which can lead to a sharp bounce back in the Bitcoin price to $70,000. To confirm its analysis, K33 Research pointed out the funding rate for the Bitcoin perpetual futures that […] source: https://www.thecoinrepublic.com/2024/08/21/bitcoin-derivatives-data-hints-at-major-btc-short-squeeze-70000-coming/