.ki_young_ju has predicted a potential Bitcoin short squeeze
He notes that many traders kept accumulating short positions in late 2020 in the $10,000-$20,000 only to be wiped out later.
Short liquidations accounted for roughly 10% of hourly buy market orders, according to June. Such a scenario could play out now, giving Bitcoin a short in the arm.The fact that Bitcoin could potentially experience another significant short squeeze doesn’t mean that a new bullish cycle is about to start, according to Ju.
However, it does indicate that the cryptocurrency is close to bottoming out. Last month, Bitcoin dipped to as low as $17,600 before seeing a mild relief rally.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
JPMorgan analysts say bitcoin’s production cost has dropped to $13,000 — and price could followBitcoin's production cost has plunged as analysts improve efficiency, price may follow.
Leer más »
Trib Trails: Big Cottonwood Canyon hike big on adventure, but also pretty, cool in the heatTrib Trails: Like Indiana Jones, daring hikers can pursue the discovery of not-quite-ancient treasures by taking a seldom-used trail that requires creek crossings, bushwhacking and maybe fighting off a few mosquitoes and horseflies.
Leer más »
Voyager Digital's Token Surges Over 250% on 'Short Squeeze'Voyager token's chart-busting rally of over 250%, seems to have been triggered by sellers unwinding their bearish trades. reports godbole17
Leer más »
Morgan Stanley falls short of earnings estimates, shares dropMorgan Stanley undefined shares fell 1.8% in premarket trades Thursday after the bank said its second-quarter net income fell to $2.5 billion or $1.39 a...
Leer más »
Odd Lots: The Bitcoin VC Who Just Infuriated The Bitcoin World on Apple Podcasts🎙If you've ever interacted with Bitcoin maximalists you might find some of them to be... abrasive. And it's not just no-coiners who are the target of scorn. OddLots breaks down Bitcoin maximalist culture Apple ▶️ Spotify ▶️
Leer más »
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called 'Short Squeeze' Falters – Markets and Prices Bitcoin NewsCEL tapped a high on July 13, at $0.961 per unit according to Wednesday’s metrics, but on the same day, CEL plummeted to $0.40 per CEL. CelsiusNetwork
Leer más »