In the immediate horizon, Bitcoin's funding rates are experiencing a pronounced descent, signaling heightened short pressure, potentially setting the stage for a significant short squeeze.
Concurrently, there's a palpable resurgence in the spot market, notably observed on reputable platforms like Coinbase and Binance. With the impending opening of the USA and BTC ETF markets within the hour, anticipation is high as market direction hinges on the day's ETF volume dynamics, offering a compelling narrative for investors to monitor closely.