Bitcoin dips after testing $80,000 as oil surges and traders stay bearish, even though a breakout hints the rally could accelerate on short squeezes. Bitcoin fell 0.7% after failing to break $80,000, while ether dropped 2.5% and broader altcoins showed weak participation Derivatives showed a rare mix of high open interest and negative funding, raising the risk of a short squeeze-driven rally. Rising oil prices and falling stock futures pressured risk assets, while altcoin sentiment and capital…
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