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Bitcoin bears face $2.6b trap as btc funding rate drops: is a short squeeze brewing?

Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?

Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?

Bitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze?

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June 5, 2026
In CoinTelegraph