Coinbase Analyst: The crypto market shows slight recovery, a short squeeze may occur

ChainCatcher message, Coinbase analyst David Duong stated: "Tuesday's market conditions indicate that with increased buying activity on centralized exchanges, a short squeeze could occur. We believe that market panic will persist in the short term, but shorts may be squeezed, which could lead to a market rebound in the coming days."

Although prices have slightly rebounded, the Bitcoin futures funding rate remains negative over the past 24 hours. This indicates that demand for short positions is still high, suggesting that traders are still betting on a decline in Bitcoin prices.