Bitcoin traders are exhibiting cautious optimism as they refrain from “substantial short positions,” expecting continued price surges, according to analysts from Bitfinex this week’s Alpha report.
Despite Bitcoin’s notable surge that brought the asset to trade as high as above $52,000 for the first time since 2021, analysts note a decrease in the short-squeeze ratio compared to previous years. The reason behind this declining short-squeeze ratio is revealed in the report.
Whales Shun Short Positions Amid Bullish Sentiment
Analysts at Bitfinex Alpha report that large whale investors are refraining from “substantial short positions” due to their belief that prices will only continue to increase further.
The current market conditions are characterized by “tightening supply and increasing demand,” further supporting the bullish sentiment among traders.
According to the Bitfinex Alpha report, the behavior of Bitcoin holders suggests the emergence of early bull-m
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