Bitcoin (BTC) has seen its funding rate turn positive and open interest increase by 1 billion USD, suggesting greater trader activity. Yet, market indications, such as a negative Cumulative Volume Delta, highlight a weakening buying pressure that poses a risk for a potential long squeeze.
As the market dynamics unfold, there is a cautious outlook for BTC. If the price momentum fails to improve and drops below 90,000 USD, it may trigger significant selling pressure. Short-term holders showing profit could, however, stabilize the situation if selling pressure decreases.
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