Funding rates at 2023 lows signal the market is heavily short against bitcoin, ZeroStack's Daniel Reis-Faria says, setting up conditions for a forced unwind if prices push higher. Bitcoin is trading roughly flat near $74,700 after a strong week, as a record-setting global equity rally pauses ahead of next week's U.S.-Iran cease-fire deadline. Deeply negative bitcoin perpetual funding rates show the market is heavily short, raising the risk of a sharp short squeeze that some traders sa…
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