{"id":7454,"date":"2023-06-07T15:54:19","date_gmt":"2023-06-07T15:54:19","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/bitcoin-shorts-squeezed-as-price-shows-recovery\/"},"modified":"2023-06-07T15:54:39","modified_gmt":"2023-06-07T15:54:39","slug":"bitcoin-shorts-squeezed-as-price-shows-recovery","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-shorts-squeezed-as-price-shows-recovery\/","title":{"rendered":"Bitcoin Shorts Squeezed As Price Shows Recovery"},"content":{"rendered":"\n<div>\n<p>After the recent crash, data shows that the Bitcoin shorts have been squeezed following the recovery in the asset&#8217;s price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Shorts_Take_Beating_As_Price_Shows_Sharp_Rebound\"><\/span>Bitcoin Shorts Take Beating As Price Shows Sharp Rebound<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On-chain analytics firm Santiment reports that the funding rate on Binance had become deeply negative after the crash, implying that a bearish sentiment is dominant in the market. However, a chart from Santiment also shows that after the funding rates had become deep red, a short squeeze took place in the market as the price sharply recovered.<\/p>\n<p>Bitcoin&#8217;s perpetual contract funding rates on Binance have become positive again, suggesting that investors who had prematurely shorted the asset have suffered liquidation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_Price\"><\/span>BTC Price<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At the time of writing, Bitcoin is trading at around $26,800, down 1% in the last week.<\/p>\n<p>Chart from TradingView.com<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the recent crash, data shows that the Bitcoin shorts have been squeezed following the recovery in the asset&#8217;s price. Bitcoin Shorts Take Beating As Price Shows Sharp Rebound On-chain analytics firm Santiment reports that the funding rate on Binance had become deeply negative after the crash, implying that a bearish sentiment is dominant in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7456,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Shorts Squeezed As Price Shows Recovery - Bitrabo","description":"After the recent crash, data shows that the Bitcoin shorts have been squeezed following the recovery in the asset's price. Bitcoin Shorts Take Beating As Price"},"footnotes":""},"categories":[316],"tags":[448,467,1304,1593,917,1594],"class_list":["post-7454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-price","tag-recovery","tag-shorts","tag-shows","tag-squeezed"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=7454"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/7456"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=7454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=7454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=7454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}