Wintermute Sounds Alarm: Bitcoin Surge A Short Squeeze, Not Sustainable Growth
Following last week’s Bitcoin (BTC) surge to $83,000, the market is now facing a tougher test: whether $80,000 can hold as real support. Market maker Wintermute, in its latest digital asset report, said the move carries a warning label—“…The way it got here tells you to be cautious rather than euphoric.” Why Retrace Risks Remain […]
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Data shows that on Monday crowded Bitcoin shorts have lead to the largest recorded squeeze in the history of the cryptocurrency. Bitcoin Records Largest Short Squeeze Ever As per an Arcane Research report, BTC has recorded the largest squeeze in its history where $750 million worth of shorts have been liquidated. Here is a chart that shows the data for Bitcoin short liquidations over the past one year: BTC short squeeze spikes | Source: Arcane Research As is clear from the above graph, the short squeeze seen on Monday, 26 July, hasn’t been observed in the past year. In fact,....
As a result of the recent pullback in the cryptocurrency market over the weekend, Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600. Crypto analyst Ted suggests that a short squeeze could soon push the price beyond $3,000, potentially filling these two CME gaps. Is An Ethereum Short Squeeze Imminent? […]
Quick Facts: ➡️ Ethereum lost 13% in recent weeks, falling as low as $3,055, creating the perfect conditions for a projected $7B short squeeze. ➡️ Ethereum’s short squeeze could drive major price recovery, boosting overall market sentiment and drive $ETH’s price even higher. ➡️ PEPENODE introduces a gamified, virtual mining system, allowing users to mine […]
Here’s what traders expect after Bitcoin’s surge above $23,600 triggered a $138 million squeeze on short contracts and led BTC price to $24,200. The price of Bitcoin (BTC) surpassed $24,000 on Dec. 19, reaching a new all-time high. On Coinbase, BTC peaked at $24,200 and has since consolidated into the $23,500 to $23,800 range.Three factors pushed the price of BTC upwards within a short period, leading it to a record-high. The factors are a large short squeeze, stacked sell orders at $23,600, and the market’s reaction to the U.S. Treasury’s self-custodied wallet rule proposal.A massive....
After beating Wall Street with its short squeeze of GameStop stock, the members of r/wallstreetbets should level up with Bitcoin. The post After GameStop Short Squeeze, r/Wallstreetbets Is Ready For Bitcoin appeared first on Bitcoin Magazine.