Bitcoin Short Squeeze Fuels Price Rally Amid Rising CPI and Derivatives Risk

TLDR: Open Interest spiked sharply in April, signaling crowded and unstable positioning across Bitcoin derivatives markets. Negative funding rates during the rally confirm shorts are being squeezed out, not that bulls are leading organically. Perp CVD is rising while Spot CVD stays flat, proving the current move lacks genuine spot market buying support. Bitcoin must [...]

The post Bitcoin Short Squeeze Fuels Price Rally Amid Rising CPI and Derivatives Risk appeared first on Blockonomi.