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IPFS News Link • Bitcoin
Surge In Derivative Bets Leaves Bitcoin "Ripe For A Short Squeeze" As ETF Inflows Accelera
• Zero HedgeThat's according to research-led digital assets brokerage K33's latest analysis, which found a mix of both negative perpetual swap funding rates in recent weeks and a spike in open interest.
"This suggests aggressive shorting, structurally creating a setup ripe for a short squeeze," K33 analyst Vetle Lunde wrote in a note to investors on Tuesday.
As Decrypt reports, K33's call for a short squeeze hinges on the 7-day average funding rate, which has decreased since the market crash on August 5, hitting -2.53% on Tuesday.