Can Bitcoin establish itself?
Yesterday, Bitcoin ETF attracted another $800 million on its rise. In the last 30 days, this is the largest inflow into Bitcoin ETF.
Many are saying that there are large sell limit orders in the order book, and again, many have placed shorts, while some 'unique traders' are waiting for Bitcoin at 58,000 and below.
Of course, we are already seeing a correction and a squeeze towards the support level of 72,000.
I believe that Bitcoin will make a slight squeeze below 72,000 and then will start collecting all the stop losses on the shorts. Or it might go straight to collect the stop losses on the shorts without a squeeze. If it can break 73,700 (a very important level), we will see very beautiful liquidation numbers)
Share your opinion in the comments.