Bitcoin short squeeze bets return with market ‘heavily short and bearish’

BitcoinBTCOn Tuesday, market participants bet that a fresh short squeeze would occur.

Important points

• According to market experts, Bitcoin could be in for a short squeeze again as long as funding rates remain negative and the price continues its upward trajectory.
• In the next few weeks, a short-term goal is to reach $85,000.
• The 21-week price trendline that has held the Bitcoin price since October 2025 needs to be broken by bitcoin bulls.

“Cannon is loaded” Bitcoin Short squeeze

TradingView data showed that BTC/USD reached $77,000 this week for the first.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

The price of the stock continued to move below an area of strong resistance despite a slight drop into Wall Street’s open.

The day continued with mixed messages over the US-Iran conflict, as Iran denied its delegations arrived in Pakistan to begin a second round of talks with the US. As Cointelegraph reportedThe latest oil pipeline closure in the Strait of Hormuz was met with a muted response by the markets.

Bitcoin traders were slowly gaining a cautious optimism.

“A period of consolidation, but clearly upwards pattern,” crypto trader Michaël van de Poppe wrote in an X post.

“This means that there’s likely more upside to come for Bitcoin towards the $85,000 area.”

Van de Poppe stated that the timeframe for the project was “two to three weeks” Reiteration is the key to bringing that level into sharp focus earlier comments Bitcoins and Nasdaq’s Correlation

BTC/USDT one-day chart. Source: Michaël van de Poppe/X

Other people focused on negative funding rates that continue to exist on exchanges in spite of price increases.

“We’ve never actually gotten one when the chart was grinding up. NEVER. It only occurred during the local BOTTOMS,” Osemka, a trader noted Xs are displayed next to graphs that indicate negative funding.

Osemka said that “something is brewing beneath” BTC/USD is aiming for a return of support.

Chart of Binance USDT/BTC futures for the day. Source: Osemka/X

Crypto market intelligence platform Decode also agreed and saw the possibility of another short squeeze.

“What this tells you is that the market is heavily short and bearish, and Bitcoin is setting up for a short squeeze. The cannon is loaded, bulls just need to light the fuse…,” You can also find out more about us here. told X-Followers

CME gaps narrows as BTC comes up against resistance

Many people are able to use this lines in the sand For bulls, the price of the market should be immediately above it.

Related: Bitcoin can grow ‘probably a lot bigger’ than $30T+ gold market — Analysis

The 21-week moving average exponential (EMA), the true market average, and the average price of buy-in for US Bitcoin ETFs are included.

Chart of BTC/USD with EMA 21 weeks. Source: Cointelegraph/TradingView

Daan Crypto Trades Trader Daan Crypto Trades noticed that the price also filled up in recent weekends “gap” CME Group offers Bitcoin Futures.

“$BTC Closed a big part of the gap from this weekend but still not everything. Market still just following the headlines and no $STRC raises for now. So we will just patiently wait and see,” He commented.

CME Bitcoin one-hour chart. Source: Daan Crypto Trades/X

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