Bitcoin Holds $80K as 67-Day Negative Funding Builds Short Squeeze Pressure

Bitcoin consolidates around $80,000 amid a record 67-session streak of negative perpetual-futures funding that recently flipped positive, creating mechanical pressure for a short squeeze above $83,200 resistance. From March lows near $66,000, BTC rallied 20% in April through $440 million short liquidations, MicroStrategy's purchase of 34,164 BTC (total 780,897), and $3.8 billion ETF inflows pushing assets over $100 billion. It tapped $81,300 in early May as long-term holders added 331,000 BTC and shorts faced $7.9 billion liquidations since February, with futures open interest at $60.97 billion and dominance above 61%; December options show $6 billion OI skewed toward $115,000 calls.