A bitcoin short squeeze for the ages as futures open interest collapses

Bitcoin's recent rally has been accompanied by a sharp decline in futures open interest and falling funding rates, indicators that suggest weak hands and overleveraged shorts are being forced out rather than retail chasing highs. The structural health of the move—lower open interest + lower funding rates—contrasts with typical bubble rallies, where both metrics tend to expand as leverage builds. This setup historically precedes more durable price moves.

The full story is at coindesk.com

We index this publisher by headline and excerpt — we don't republish their reporting. Everything we hold on this story is above; the rest is one click away.