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CryptoCointelegraphabout 8 hours ago
Bitcoin Short Squeeze Threat at $2.6B as Price DropsBitcoin bears hold $2.6 billion in short positions as price falls to $61,100. A 21% drop from $63,000 to $61,100 builds bearish leverage. A rally to $66,000 would trigger liquidation of $2.6 billion in shorts. Negative funding rate at -2% shows bears are confident. The potential squeeze could revive buyer confidence after 13 days of ETF outflows.
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