Bitcoin has been consolidating between $91,700 and $94,490 since April 22. Recent analysis indicates a potential end to this consolidation, with rising open interest in futures markets coupled with negative funding rates suggesting a possible short squeeze. As Bitcoin approaches $94,500, many traders appear to be betting against upward movement. With funding rates dropping to -0.023% during price highs, this situation could create pressure for short sellers if prices rise. Market analysts believe that Bitcoin will likely remain in its current range until it breaks the critical resistance at $95,000. If successful, this could lead to further price increases, with speculations targeting the $100,000 mark. Technical insights emphasize that current negative funding alongside rising open interest presents a bullish outlook. The next few days may be crucial, as technical indicators suggest that breaking through key resistance levels could signal a shift in momentum for Bitcoin.

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