Bitcoin short-squeeze to $90K possible as funding rates turn negative

Negative Bitcoin funding rates and large short liquidity zones could be a sign that a short-squeeze to $90,000 and higher could be on the cards.

Bitcoin’s (BTC) recovery from last week’s deep correction is beginning to solidify, with the price pushing back toward the $87,000 to $90,000 zone after sliding from $106,000 to $80,600 in just 10 days.

The rebound has revived discussions about whether BTC has reached a local bottom, even as a key whale cohort continued to offload its supply.

Key takeaways:

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