There's a looming possibility of a #Bitcoin SHORT SQUEEZE, p

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There's a looming possibility of a #Bitcoin SHORT SQUEEZE, potentially triggering sharp price spikes. Analysts predict increased pressure on short-sellers due to shorter and less significant downtrends in Bitcoin prices. Institutional long positions hold a record-high margin over hedge fund short positions, according to the Kobeissi Letter. If BTC hits $71,000, $156.18 million worth of short positions will be liquidated, escalating to $3.85 billion at $75,000, as per #CoinGlass data.#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

There's a looming possibility of a #Bitcoin SHORT SQUEEZE, potentially triggering sharp price spikes. Analysts predict increased pressure on short-sellers due to shorter and less significant downtrends in Bitcoin prices. Institutional long positions hold a record-high margin over hedge fund short positions, according to the Kobeissi Letter. If BTC hits $71,000, $156.18 million worth of short positions will be liquidated, escalating to $3.85 billion at $75,000, as per #CoinGlass data.#Memecoins  #BinanceLaunchpool  #BullorBear  #BinanceLaunchpool  #BullorBear  