Recent projections from crypto analysts suggest that Bitcoin (BTC) could witness a substantial surge —while shorts will be met with a significant squeeze.
Analysts from the Kobeissi Letter believe short sellers might be in for a ride full of pressure.
As per an X post, Kobeissi shed light on the substantial gap between institutional long positions and hedge fund shorts; institutions are holding nearly 20,000 net long contracts compared to hedge funds’ approximately 15,000 net short contracts.
#Bitcoin may be setting up for a massive short squeeze:
Currently, the gap between institutional longs and hedge fund shorts is at a record high.
While hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs.
This is likely why price… pic.twitter.com/afhpsmJXNE
— The Kobeissi Letter (@KobeissiLetter) March 26, 2024
This margin could be the main catalyst for the BTC short squeeze, Kobeissi suggests. Continued upward pressure on Bitcoin’s price
We współpracy z: https://cryptopotato.com/is-160k-conservative-for-bitcoin-btc-on-the-verge-of-another-breakout-heres-why/
