According to Cas Abbé, Bitcoin is approaching a potential short-squeeze as BTC Open Interest has surged by $2 billion since its recent bottom, indicating heightened leveraged activity in the market (source: @cas_abbe, June 7, 2025). The funding rate has dropped to its lowest point since April 2025, suggesting that bearish sentiment is peaking and a reversal could be imminent. Traders should closely monitor these metrics as abrupt shifts could trigger rapid liquidations, potentially leading to a significant Bitcoin price rally. Ongoing discussions about removing FED chair Powell add further uncertainty to the macro environment, which could intensify volatility in the crypto market (source: @cas_abbe, June 7, 2025).