Analyst: Bitcoin Short Squeeze Setup Points to $85K-$88K Rally

Analyst: Bitcoin Short Squeeze Setup Points to $85K-$88K Rally

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News On Tuesday, Bitcoin (BTC) hit $76,000 before falling back to around $74,000, and analyst Michaël van de Poppe thinks the market is getting ready for something bigger. He argued in a post on X on Wednesday that low funding rates and rising open interest at resistance are the classic signs of a short squeeze, which could send BTC all the way up to $85,000–$88,000. Van de Poppe built his argument on derivatives data, not the price chart alone. “The funding rate is negative,” he wrote. “This means people are overleveraged short while we’re attacking resistance.” When funding goes negative, short traders are paying

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