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Bitcoin Price Prediction: BTC Shorts Hit Their Most Extreme Level Since the 2024 Bottom – Is a Massive Squeeze Coming?

Bitcoin Funding charges throughout main exchanges have collapsed to their most destructive ranges since August 2024.

Back then, the market appeared equally satisfied that decrease costs have been inevitable. Instead, that excessive brief crowding marked a main backside and preceded an 83% rally over the following months.

Source: Santiment

We are seeing a related construction now. Traders are aggressively positioned for draw back. Shorts are piling in.

At the similar time, on-chain knowledge exhibits revenue cushions are skinny. NUPL has returned to the 0.18 zone, traditionally related to Hope and Fear.

In this regime, markets grow to be reactive. Small strikes set off outsized responses as a result of holders lack deep unrealized beneficial properties to buffer volatility.

Sentiment stays cautious. ETF outflows and macro uncertainty preserve the bearish narrative alive. But crowded trades not often unwind quietly.

The setup is just not about pure technical power. It is about positioning danger. If Bitcoin’s worth clears the $70,000 to $70,600 vary, the brief squeeze thesis will achieve credibility shortly.

Key Takeaways

  • Negative funding charges throughout exchanges have hit 2024 lows, indicating excessive bearish sentiment.
  • A break above the $70,610 resistance degree might set off a huge Bitcoin brief squeeze focusing on $76,000.
  • On-chain indicators present skinny revenue margins, guaranteeing high market volatility in the brief time period.

Bitcoin Price Prediction: Is BTC Setting Up for a Violent Squeeze?

On the chart, Bitcoin has already damaged out of that steep descending channel and is now grinding slightly below the $70K to $71K provide zone.

That space issues. It traces up cleanly with prior resistance. Above $71K, resistance thins out towards $80K, with $90K and even $98K performing as greater air pockets if momentum builds.

Source: BTCUSD / TradingView

$64K stays the line that holds the construction collectively. If that fails, $60K turns into the remaining main demand zone earlier than the chart begins wanting unstable once more.

Now add positioning. Funding is deeply destructive. Shorts are crowded. NUPL sits in the Hope and Fear vary. That mixture typically creates gasoline for a sharp upside when resistance breaks.

So technically, Bitcoin is compressing beneath a key ceiling. Structurally, it’s not in free fall. And positioning suggests the market is leaning closely brief.

When Bitcoin Sets Up for a Squeeze, Bitcoin Hyper Adds Fuel

Bitcoin nonetheless strikes in heavy waves. It wants macro alignment, ETF stability, and powerful spot demand to completely ignite. That takes time.

Bitcoin Hyper ($HYPER) is constructed for velocity.

This Bitcoin-focused Layer-2, powered by Solana know-how, makes BTC sooner, cheaper, and usable for actual on-chain exercise with out altering core safety. It captures Bitcoin’s narrative power whereas unlocking performance that the base layer can not present by itself.

Momentum is already seen. The Bitcoin Hyper presale has raised over $31 million up to now, with $HYPER priced at $0.0136751 earlier than the subsequent enhance. Staking rewards presently attain as much as 37%.

If Bitcoin squeezes, Bitcoin Hyper accelerates. If Bitcoin stalls, Bitcoin Hyper nonetheless strikes.

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The submit Bitcoin Price Prediction: BTC Shorts Hit Their Most Extreme Level Since the 2024 Bottom – Is a Massive Squeeze Coming? appeared first on Cryptonews.

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