According to Crypto Rover on Twitter, Bitcoin is currently undergoing a shakeout phase aimed at liquidating bearish traders, as evidenced by increased volatility and rapid price reversals (source: @rovercrc, May 31, 2025). This market action suggests significant stop-loss triggering, which may lead to further short squeezes and sudden upward price movements. Active traders should monitor open interest and funding rates closely, as these metrics can indicate ongoing liquidation events and potential reversal zones in the short term.

According to Michaël van de Poppe, the current sentiment in the Bitcoin market is that of a final shakeout, where a large majority believes the market is experiencing a recession and early-peak top. However, van de Poppe suggests that this sentiment may precede a significant upward move in Bitcoin's price. Traders should be prepared for potential volatility and consider this as a possible buying opportunity before a big run. This perspective aligns with historical patterns where bearish sentiment often precedes major rallies in cryptocurrency markets.