News with the tag "Bitcoin Long Squeeze"

Bitcoin’s price fell over 3% due to a “Bitcoin long squeeze” in the perpetual futures market, with $49M in liquidations as caution grows amid potential Bank of Japan rate hikes.

Data shows that Bitcoin funding rates have risen to the greenest levels since February 2023, something that could increase the risk of a long squeeze. Bitcoin Funding Rates Are At Highest Levels Since February As pointed out by an analyst in a CryptoQuant post, longs have accumulated in the market r...