Negative Bitcoin funding rate may signal short squeeze above $70K

Bitcoin holds its range trend even as the funding rate turns negative and BTC open interest flatlines. Is the data leaning toward a short squeeze back to $70,000?
Source: Negative Bitcoin funding rate may signal short squeeze above $70K (https://cointelegraph.com/news/negative-bitcoin-funding-rate-may-signal-pending-short-squeeze-above-dollar70k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)