Hi Guys,
It's Big & Big #alert About $BTC Big Breakout at the Corner Expert Says !
Why Bitcoin’s Big Breakout Is Just Around The Corner, According To These Experts
Analyzing The Factors Behind BTC Price Behavior
Samson Mow, a staunch Bitcoin advocate and CEO of Jan3, has publicly forecasted a dramatic upsurge in Bitcoin’s price despite its recent period of price stagnation.
In sync with Mow’s optimism, Adam Back, a prominent figure in the cryptocurrency sphere with historical ties to Bitcoin’s enigmatic creator, Satoshi Nakamoto, has suggested that the current suppression in Bitcoin prices may be attributed to urgent selling by certain market participants needing liquidity.
According to Adam Back, these sellers are depleting their Bitcoin reserves, hinting at a potential market rebound once these assets are fully liquidated.
This perspective is supported by data indicating active basis trading where Bitcoin is collateral rather than BTC ETFs. Additionally, the ongoing purchase activities through CME futures suggest an underlying demand waiting to influence market prices.
Echoing Back’s analysis, Mow highlighted the increase in short interest among newer traders, which he considers unsustainable. He anticipates that these short positions will likely lead to significant liquidations, which could catalyze a sharp price increase.
This matches with my analysis too. With so many left bell curve traders popping up to confidently explain “the short interest increase is just a cash and carry trade,” it’s no wonder why we constantly see so many liquidations. Like the carry trade didn’t exist before this week.
Mow metaphorically described Bitcoin’s current price level as a “compressed coil,” poised to explode upward, reflecting a strong rebound that could disrupt the market’s temporary stasis.