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Bitcoin now feels a bit like the market doesn't quite believe it can go higher, but positions are starting to shift toward the short side. Negative funding rates combined with USDC reserves in exchanges rising to $7.5 billion indicate that if the price continues to push upward, shorts will be in trouble. In the short term, I remain somewhat bullish on $BTC , and next, it depends on whether the market will be squeezed first. $BTC