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

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?
Source: Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing? (https://cointelegraph.com/markets/bitcoin-bears-face-26b-trap-as-btc-funding-rate-drops-is-a-short-squeeze-brewing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)