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Bitcoin (BTCUSD) Sees Bearish Futures Funding Amid Short Squeeze Risk Near $82K Resistance

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The Story

News Summary

  • Bitcoin perpetual futures funding rate is negative, indicating bearish sentiment, but current short dominance suggests potential for short squeeze with limited on-chain resistance until $82,000.
  • BTC retraced to $70,400 after failing to break the supply gap resistance between $72,000 and $82,000.
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BTCUSD price history

79444.31 +20.59% over the displayed period

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