[Murphy: BTC OI Remains Elevated with Negative Premium, Current Shorting Odds Are Unfavorable] According to on-chain analyst Murphy, the price of BTC has risen to around $79,000, with the futures market's open interest (OI) returning to a recent high of 472,000 BTC, and market leverage continuing to accumulate. During yesterday's peak period, shorts were paying an average funding fee of $604,000 per hour to longs, which, while lower than the April 17 peak of $790,000, is still far above the 7-day average of $197,000. Murphy pointed out that the elevated OI combined with the intensifying negative premium could trigger a short squeeze during a price rebound. Similar rebounds occurred under such conditions on March 9 and April 13, making the current shorting odds unfavorable.