Bitcoin hits longest negative funding streak this decade as K33 flags short squeeze risk
The Block
Bitcoin's record-breaking negative funding streak suggests cautious market sentiment, which K33 analysts believe often precedes upward price moves and short squeeze risks.Summary
Bitcoin has reached its highest level in over three months while enduring a record 67-day streak of negative average funding rates. According to K33 Research, this persistent negative sentiment often signals a market bottom, historically leading to strong forward returns and higher win rates compared to random market entry. Analyst Vetle Lunde notes that this environment reduces risk, as it reflects an overly cautious market that frequently resolves to the upside, potentially amplifying short squeeze risks.
(Source：The Block)