Bitcoin is testing the $95,000 support level after failing to maintain its position above $100,000. Despite the price decline, on-chain data reveals a growing number of long positions. Analyst KriptoCenneti highlights that Bitcoin's funding rate has remained positive, ranging from 0.003% to 0.008% over the past month, indicating aggressive long positioning by traders. This divergence between funding rates and price action suggests that leveraged traders are buying near perceived market bottoms. However, KriptoCenneti warns that high funding rates in a bear market can lead to a fragile environment, increasing the risk of liquidation cascades and a long squeeze. As of November 16, Bitcoin is trading at approximately $95,371.