According to Cas Abbé, BTC liquidation cluster data now signals an upside move, with a potential 10% BTC pump capable of triggering $15.11 billion in short liquidations, while a 10% downside would liquidate $9.58 billion in longs (Source: Cas Abbé, Twitter, June 8, 2025). Notably, BTC funding rates have turned negative, indicating increased short positioning and potential for a short squeeze if bullish momentum resumes. Traders should closely monitor funding rates and cluster levels as these metrics suggest heightened volatility and significant liquidation risks on both sides, making BTC price action highly relevant for crypto market participants.