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Bitcoin outflows hit $582M, funding rates turn negative, hinting at possible short squeeze

Market News
10 Apr 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin saw a sharp price rise to around $73,000 while exchange reserves dropped by 100,000 BTC since mid-February, reducing selling supply. Net outflows from exchanges reached $582 million in two days, signaling traders are withdrawing coins rather than selling immediately. Funding rates turned negative at -0.253%, indicating increased short positions and bearish sentiment in derivatives markets. This combination of lower exchange supply and growing short interest raises the likelihood of a short squeeze, where rising prices force short sellers to close positions, potentially driving prices higher rapidly. Market watchers remain cautious as these trends reflect positioning but not guaranteed price direction.

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