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Monster $1.4 billion Bitcoin short squeeze alert
Bitcoin (BTC) appears poised for a significant short squeeze as it edges toward the $110,000 mark and potentially a new all-time high. Specifically, there is a notable buildup of short positions near $119,000 across exchanges like Bybit, OKX, and Binance. If Bitcoin continues its upward move, as much as $1.4 billion in shorts could be liquidated, triggering a potential short squeeze, according to the latest on-chain data retrieved by Finbold from Coinglass on June 29. The liquidation map shows rising short leverage even as long exposure declines, signaling imbalance. Therefore, a breakout above $110,000 could act as ... (full story)
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