Bitcoin sets up potential short squeeze as funding plunges to -6%

Bitcoin sets up potential short squeeze as funding plunges to -6%

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin sets up potential short squeeze as funding plunges to -6%Negative funding rates, rising open interest and liquidations point to crowded positioning and heightened derivatives activity.By James Van Straten|Edited by Shaurya Malwa Feb 28, 2026, 11:00 a.m. Make us preferred on GoogleBTC Funding Rate (Coinglass)What to know: Perpetual funding rates dropped to -6%, matching the most negative level in three months, signaling aggressive short positioning as bitcoin briefly fell to $63,000.Coin margined open interest climbed to 687,000 BTC, indicating increased participation despite the price swing.Bitcoin is looking to reclaim $64,000 on possible short squeeze after earlier falling to as low as $63,000 following U.S. and Israeli strikes

Source: https://www.coindesk.com/markets/2026/02/28/bitcoin-sets-up-potential-short-squeeze-as-funding-plunges-to-6