$BTC UPDATE

In my view, BTC filled the FVG and then continued to rise for a short squeeze. The funding fee indicates an increase, showing traders' confidence in seeing price increase opportunities. In the short term, it is likely to be pumped to the liquidation area before continuing to drop.

Open interest has decreased, meaning many are closing positions here along with the liquidation of short positions. There is a possibility that short positions will be made to suffer even more for a while longer.

DYOR

NFA