Bitcoin just made a strong jump today.

Price moved from around $67K to $74K in a clean push higher.

But here’s the interesting part.

Funding rates have turned sharply negative.

That means many traders are opening short positions even as price rises.

In other words, the market is betting this rally won’t last.

But when price keeps climbing while traders lean short, pressure starts building on those positions.

Every move up forces some of those shorts to close.

And if the market keeps pushing higher, that pressure can turn into a sharp short squeeze.#GateLaunchesGateforAI #BitcoinHitsOneMonthHigh
$BTC