$BTC

If after a 5% increase in BTC:

- **The funding rate turns negative** (many bet on shorts),

- **But the price only corrects by 1% and rebounds**,

**Then the lack of a strong drop suggests:**

### 1️⃣ **Resilient Market: No Real Bearish Force**

- **Shorts are unbalanced**: If there are too many betting down but the price doesn't fall, it means that:

- **There are strong buyers in spot** absorbing sales.

- Sellers in futures fail to impose a bearish trend.

- **Short liquidations**: If the price rises, shorts are liquidated (forced buying), which **accelerates the rebound**.

### 2️⃣ **What to Expect?**

- **If shorts persist and the price doesn’t drop**:

- **Possible "short squeeze"**: If BTC rises, shorts cover (buy), pushing the price **higher**.

- **Slow drop only if there are no buyers**: If the spot has no demand, the price would gradually decrease due to futures pressure.

- **If funding remains negative for a long time**:

- Indicates that the market **does not trust the rise**, but if the price **does not yield**, it could reverse with a rally.

### 3️⃣ **Likely Scenarios**

✅ **Rise due to "short squeeze"** (if BTC breaks resistance and liquidates shorts).

✅ **Lateralization with negative funding** (if the spot maintains support).

❌ **Strong drop only if there are massive sales in spot** (this is not the case now).

### Conclusion:

**The lack of a drop suggests that bears (sellers) do not have real power.** If the price holds or rises, shorts could suffer and **accelerate an increase**. 🚀