#Bitcoin may be preparing for a short squeeze:

Currently, the gap between institutional long positions and hedge fund short positions is at a record high.

While hedge funds hold nearly 15,000 net short contracts, institutions hold nearly 20,000 net long contracts.

This could be the reason why price action has been so sporadic over the past few days.

Long positions are not giving up and each new record high#Bitcoinis being driven by widespread short coverage.

Correction points in#Bitcoincontinue to get shorter and shorter.

Meanwhile, price increases are lasting longer and happening faster.

This is a theoretical sign that shorts are being squeezed as we reach new all-time highs.

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