BTC $67,420 +2.1%ETH $3,540 +1.4%SOL $172.40 -0.8%BNB $605 +0.5%XRP $0.62 +3.2%ADA $0.45 -1.1%DOGE $0.12 +0.9%AVAX $28.40 +1.7%DOT $5.85 -0.4%LINK $14.20 +2.6%TON $5.10 +0.7%TRX $0.13 +0.2%LTC $72.30 -0.6%ATOM $6.40 +1.0%UNI $7.85 +1.9%NEAR $4.30 -0.9%BTC $67,420 +2.1%ETH $3,540 +1.4%SOL $172.40 -0.8%BNB $605 +0.5%XRP $0.62 +3.2%ADA $0.45 -1.1%DOGE $0.12 +0.9%AVAX $28.40 +1.7%DOT $5.85 -0.4%LINK $14.20 +2.6%TON $5.10 +0.7%TRX $0.13 +0.2%LTC $72.30 -0.6%ATOM $6.40 +1.0%UNI $7.85 +1.9%NEAR $4.30 -0.9%

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Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?

BY COINTELEGRAPH · Fri, 05 Jun 2026

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?

This is a short news brief summarizing a report originally published by Cointelegraph. For full details and context, please read the original article via the source link below.

Source: Cointelegraph ↗

Disclaimer: This article is for informational and educational purposes only and is not financial, investment, or trading advice. Cryptocurrencies are volatile and high-risk. Always do your own research.

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Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?

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