According to Odaily, K33 Research has indicated that signals from the Bitcoin derivatives market suggest an increasing risk of a 'short squeeze,' which could lead to a significant rebound in Bitcoin prices. This indicator is the funding rate of Bitcoin perpetual futures, which helps gauge speculative sentiment, either bullish or bearish. K33 Research noted that the seven-day average annualized funding rate as of August 20 was at its lowest level since March 2023, indicating a dominance of bearish bets. Analysts Vetle Lunde and David Zimmerman from K33 Research stated in a report that the perpetual swap funding rate has been negative over the past week, while open interest has surged, suggesting aggressive shorting behavior. This structural setup creates favorable conditions for a short-term squeeze, where an unexpected price jump forces quick-money traders to cover short positions, further driving up prices. Recently, sentiment in the Bitcoin market has been quite subdued, with losses in August and difficulty maintaining levels above $60,000. Meanwhile, global stock indices have rebounded to record highs, and gold has also reached new peaks.