BTC is entering a classic short squeeze zone. Despite the price rallying over 5% from local lows and clearing $68.5k, the funding rate on Bitget remains negative (-0.0018%). This indicates that retail participants are aggressively fighting the trend, creating a liquidity pool of underwater shorts. As price targets the $70k psychological barrier, these positions are high-risk for liquidation, which will provide the necessary buy-side pressure for a breakout.