Bitcoin Rally Looks Structurally Sound as Short Squeeze Clears Futures Market

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Bitcoin has experienced a significant short squeeze, forcing bearish traders who had bet against the price to exit their positions at a loss. Open interest in Bitcoin futures has collapsed as a result, indicating a large number of leveraged short positions have been liquidated. Funding rates, which reflect the cost of holding leveraged positions, have remained subdued throughout the move. Analysts note that falling open interest combined with low funding rates suggests the current rally is built on healthier market foundations rather than excessive speculation.

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