ChainCatcher news, K33 Research data shows that bullish offshore traders in the past two weeks are currently in a loss-making state of Bitcoin positions, exposing the market to potential long squeeze risks.
Analysts pointed out that after the end of the record 19-day net inflow record of the US spot Bitcoin ETF, the correlation between Bitcoin and the US stock market has reached its highest level in 18 months. Last week, the 30-day correlation coefficient between Bitcoin and Nasdaq increased to 0.64 for the first time since 2022.
