Bitcoin funding rates are starting to shift. That's what stands out to me. We've been grinding higher on long pressure this morning, but the green funding across the board is starting to turn. New short positions are actively getting charged. Don't let these random spikes fool you into thinking the market is incredibly bullish. It's an illusion. The market is just exploiting low volume and thin liquidity to squeeze people out before the US open. When volume is this low, spikes don't last, it usually leads to a slow grind down. The interesting part is that we still haven't completed a full liquidity sweep. Bitcoin didn't hit $65k yet, which means we might just get chopped up inside this range

Bitcoin funding rates are starting to shift.

That's what stands out to me.

We've been grinding higher on long pressure this morning, but the green funding across the board is starting to turn. New short positions are actively getting charged.

Don't let these random spikes fool you into thinking the market is incredibly bullish. It's an illusion.

The market is just exploiting low volume and thin liquidity to squeeze people out before the US open.

When volume is this low, spikes don't last, it usually leads to a slow grind down.

The interesting part is that we still haven't completed a full liquidity sweep.

Bitcoin didn't hit $65k yet, which means we might just get chopped up inside this range a bit longer before the real move happens.

That doesn't automatically mean we dump immediately.

But a market trading on low volume like this is purely designed to make you panic and force you out of your positions right at a peak level of liquidity.

I still think $64.5k is the key level.

That's the underside of the 4-hour pennant.

If the market continues to squeeze shorts up toward that line, that's the exact area where risk needs to be managed before the massive liquidity bomb triggers.

— That Martini Guy ₿ (@MartiniGuyYT) Jun 22, 2026