Santiment: Bitcoin bears reach an extreme in August 2024, with a significantly negative funding rate. After the last bottom, there was an 83% rebound in 4 months. Leveraged short positions are crowded, which may trigger a squeeze. $BTC
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Santiment: Bitcoin bears reach an extreme in August 2024, with a significantly negative funding rate. After the last bottom, there was an 83% rebound in 4 months. Leveraged short positions are crowded, which may trigger a squeeze. $BTC