Binance & Deribit Traders Aggressively Short Bitcoin, Squeeze Incoming?

Data shows Bitcoin shorts have been piling up on cryptocurrency exchanges Binance and Deribit during the past few days.
Bitcoin Funding Rates On Binance & Deribit Are Deep Red Right Now
According to data from the analytics firm Santiment, traders on the derivative market have continued to bet against the cryptocurrency recently. The relevant indicator here is the “funding rate,” which keeps track of the periodic fee that derivative contract holders on an exchange are paying each