Massive Short Squeeze for Bitcoin in Sight? Top Quant Analyst Looks at the State of BTC
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The CEO of analytics platform CryptoQuant is revealing how a major event could impact the trend of Bitcoin (BTC). Ki Young Ju tells his 303,000 Twitter followers that he is waiting for a “big short squeeze,” similar to the one that occurred in the latter part of 2020 before Bitcoin ignited its bull cycle. A short squeeze happens when traders who borrow units of an asset at a certain price in hopes of selling lower to pocket the difference (short) are forced to buy back as the trade moves against their bias. “Waiting for a big short squeeze. In late
The world’s richest non-exchange Bitcoin (BTC) whale is adding more of the flagship crypto asset as the market rebounds. The wallet has added 806 BTC over the past seven days as the price of Bitcoin... [[ This is a content summary only. Visit my website for full links, other content,…
A closely followed crypto strategist is sending a warning to Bitcoin (BTC) traders, highlighting that BTC is flashing a massive bearish signal. Analyst Kevin Svenson tells his 106,500 Twitter... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…