Potential for Bitcoin to experience a short-squeeze towards $90,000 as funding rates turn negative

After a market slide from $106,000 to $80,600, Bitcoin’s price is now recovering, bouncing back toward the $87,000 to $90,000 range as the accumulation from mid-sized holders rises.

Large Bitcoin holders continue selling, but the increase in accumulator addresses to 365,000 BTC signals growing long-term confidence. Negative funding rates may suggest traders are nearing capitulation, setting the stage for a potential short squeeze.