base-pidgin

Bitcoin (BTC) surged 4.16% in 24 hours, signaling a potential strong rally post-Christmas. Key highlights:

- Rising open interest and declining funding rates indicate high demand for short trades
- Increased demand for short trades could lead to a short squeeze, driving prices up
- Fund flow ratio spiked from 0.084 to 0.137, indicating increased investment in BTC
- Scarcity rises as more BTC move off exchanges, driving prices up

Analysts predict a potential short squeeze, which could drive BTC prices up, potentially reclaiming the $100k resistance post-Christmas.