Crypto
Bitcoin seen reaching $125,000 within two months as short squeeze signal builds
Bitcoin is showing a short-term pullback, but derivatives data are raising the prospect of further gains, with analysts pointing to heavily built-up short positions. Perpetual futures funding rates have fallen to their lowest since 2023 and moved deep into negative territory, a level some see as a short squeeze trigger. Macro conditions have also supported risk appetite, though some warn geopolitical risks may be over-priced. On-chain indicators suggest some investors remain underwater, potentially adding selling pressure on rebounds.
