{"id":610033,"date":"2026-06-05T19:52:58","date_gmt":"2026-06-05T19:52:58","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/06\/05\/bitcoin-bears-face-2-6b-trap-as-btc-funding-rate-drops-is-a-short-squeeze-brewing\/"},"modified":"2026-06-05T19:52:58","modified_gmt":"2026-06-05T19:52:58","slug":"bitcoin-bears-face-2-6b-trap-as-btc-funding-rate-drops-is-a-short-squeeze-brewing","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/05\/bitcoin-bears-face-2-6b-trap-as-btc-funding-rate-drops-is-a-short-squeeze-brewing\/","title":{"rendered":"Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS13aGF0LWlzLWEtYmVhci10cmFwLWFuZC1ob3ctdG8taWRlbnRpZnktaXQtYml0Y29pbjEuanBn.jpg\" alt=\"Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing? \" class=\"type:primaryImage\" \/><\/p>\n<p>Bitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze?\n<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<p>The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline in Bitcoin&#8217;s price, bulls might have set a perfect trap as negative market sentiment intensified. Bearish positions built up heavily between $63,000 and $66,000, setting the stage for a potential $2.6 billion short squeeze.<br \/>\n        <img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"435\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-1355.png\" width=\"1413\" \/>\n      <\/p>\n<p><em>Estimated cumulative Bitcoin liquidation at major exchanges, USD. Source: CoinGlass<\/em><\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-bears-face-26b-trap-as-btc-funding-rate-drops-is-a-short-squeeze-brewing\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze? Key takeaways: The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline in Bitcoin&#8217;s price, bulls might have set a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":610034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-610033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/610033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=610033"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/610033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/610034"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=610033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=610033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=610033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}