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Analyst: Overcrowded short positions before Easter conceal upside risk; Bitcoin drops below $66,000
Golden Finance reports that on April 2, Bitcoin is still trading in a roughly $60,000 to $70,000 range with no clear breakout catalyst. Derivatives positioning remains in a defensive posture, and traders continue to pay funding fees to maintain short exposure, which increases the risk of a short squeeze. Analysts say that as shocks to energy and metals prices push the market into a “supply chain disruption” phase, macroeconomic pressure is further intensifying.