Bitcoin price analysis sees new short squeeze as open interest nears $25B

Bitcoin price analysis sees new short squeeze as open interest nears $25B

0.38%TRX$0.3196 0.36%BCH$439.40 1.34%DOGE$0.09385 0.46%XLM$0.1553 0.16%ETH$2,298 1.91%BNB$610.45 0.48%SOL$85.30 0.10%HYPE$42.54 2.14%XMR$338.03 1.84%XRP$1.36 0.13%ADA$0.2522 1.15%BTC$73,396 0.42%USD Written by William Suberg,Staff WriterReviewed by Ray Salmond,Staff EditorBitcoin price analysis sees new short squeeze as open interest nears $25B3 hours agoBitcoin open interest hit five-week highs while funding rates mimicked the BTC price collapse below $60,000, leading analysis to predict a new short squeeze. Bitcoin (BTC) is due a classic “short squeeze” as open interest hits five-week highs, says new analysis. Bitcoin is seeing a combination of rising open interest and negative funding rates. The result could punish short positions, with funding rates at the most negative since early February. Large-scale Bitcoin speculators are net long BTC again. In one of its “Quicktake” blog posts

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