Bitcoin ticks higher, but remains range-bound as traders keep short bias

Bitcoin ticks higher, but remains range-bound as traders keep short bias

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin ticks higher, but remains range-bound as traders keep short biasBTC rises to $77,000 after holding $75,000 support, but negative funding, unchanged open interest and cautious positioning signal a lack of conviction.By Oliver Knight, Saksham Diwan|Edited by Sheldon Reback May 1, 2026, 10:20 a.m. 2 min readMake preferred on Bitcoin price (CoinDesk Data)What to know: Bitcoin has been stuck between $75,000 and $80,000 since April 19, with negative funding rates indicating that traders are still shorting any rallies. Derivatives data reflects weak conviction: Open interest is steady at $19 billion and basis remains subdued at 1.5% annualized. Options markets lean bullish, with call-heavy flows and easing downside hedging demand despit

Source: https://www.coindesk.com/markets/2026/05/01/bitcoin-ticks-higher-but-remains-range-bound-as-traders-keep-short-bias