$BTC just surged to $75,300, up 8% right now, the first time back above $70,000 since June, as billions in short positions got liquidated in the squeeze.
Here's the twist, the same traders who correctly called this exact squeeze are now warning it could be a bull trap, with a possible reversal toward $44,000.
The rally has real fuel behind it too, the US Treasury just expanded its long-term bond buyback program, Standard Chartered reiterated a $100,000 BTC target, and Goldman Sachs is buying ETF manager NEOS for up to $2.25B to compete directly with BlackRock.
$2.7B in bearish bets wiped out in one move. The same people who profited from that now calling the top. 👀
⚠️ Not financial advice. DYOR.
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🗳️ Real breakout, or bull trap?