$BTC price is moving down slowly
At the same time open interest keeps rising
Funding rate has flipped negative which shows shorts are building fast
This tells us many traders are betting aggressively on lower prices
They may push the price a bit lower in the short term
But when too many shorts stack on one side
the risk of a sudden squeeze increases
Market pressure is building
direction usually changes when positions get crowded.
#BTC #FundingRates #MarketRebound #WriteToEarnUpgrade #USNonFarmPayrollReport