X @Michaël van de Poppe
Michaël van de Poppe·2026-04-15 08:16
The markets are preparing for a short squeeze on #Bitcoin.The markets have rallied to $75,000 and rejected there. A 'shooting star' was made on the daily timeframe, and people freaked out.However, that's not the only indicator that we should be looking at.The funding rate is negative. This means people are overleveraged short while we're attacking resistance.Open interest has increased significantly over the last few days, indicating that more people are looking to short $BTC in this region.Clearly, that wo ...