Bitcoin’s Dance with the Devil: Shorts Tremble at $75K!
The ever-watchful analyst, Michaël van de Poppe, has emerged from his crypt of charts to proclaim the obvious-yet, as always, with a twist. A shooting star candle, he notes, has appeared on the daily timeframe, a celestial omen of rejection. But oh, how he scoffs at such trivialities! “The funding rate is negative,” he crows, his voice dripping with schadenfreude. “Shorts are overleveraged, dancing on the precipice while the resistance looms like a hangman’s noose.”


