Bitcoin only 21 days away from real bull market rally? Shorts pile in just as spot demand starts pushing back

Bitcoin is approaching a point where the market may have to choose between two very different outcomes. Traders are still paying to stay short, yet price, ETF flows, and market leadership are no longer behaving as if the market were stuck in a collapse. In a recent X post, Alphractal analysts argued that Bitcoin funding rates had reached their most negative level since 2023 and said its proprietary models were pointi…