Bitcoin Short Squeeze: Why Bearish Bets and ETF Flows May...
A ceasefire or weak US economy could trigger a Bitcoin rally and crush bears via a massive short squeeze.
A ceasefire or weak US economy could trigger a Bitcoin rally and crush bears via a massive short squeeze.
Rumors of a potential ceasefire between the US and Iran boosted market sentiment, but data show Bitcoin traders have little faith in $68,000 holding.
A freshly opened Bitcoin short position shows traders are watching this week’s US economic data releases, along with the US and Israel-Iran war.
Bitcoin’s chance of trading above $75,000 in April decreased as Friday’s price action showed deepening negative sentiment from investors.
Bitcoin bulls will need to make a last minute push in order to sway Friday’s $18.6 billion options expiry in their favor.
Bitcoin’s hold on $70,000 slips as rising treasury yields, inflation concerns and the risk of a prolonged war in Iran discourage investors.
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