💡 Useful Information: Bitcoin heads toward the 90,000 USD mark after a terrifying Short-squeeze!
Bitcoin just made an astonishing breakout above the 82,000 USD level, pushing the price to a peak of 87,300 USD and leaving the bears “empty-handed”.
*Notable figures:*
🔹 Short positions liquidated: ~750 million USD
🔹 Open Interest increased by: ~2 billion USD
🔹 ETF flows: Strong rotation of capital, recording a rise of 433 million USD on Friday
🔹 Next price targets: 90,000 USD and 92,000 USD
*Why does this matter?*
1. Buying pressure from the closure of Short positions created a rocket-fueled rally, bringing ETF investors back into profitable territory.
2. Risk warning: Market leverage is increasing too quickly. If real buying demand doesn’t keep up, this surge may not be sustainable.
3. Short-term volatility remains high even though the technical signals from the 50-week moving average are very positive.
Do you think BTC will hit 90,000 USD this week, or will there be a deep correction?
👉 Read the news, make the decision — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC
Bitcoin just made an astonishing breakout above the 82,000 USD level, pushing the price to a peak of 87,300 USD and leaving the bears “empty-handed”.
*Notable figures:*
🔹 Short positions liquidated: ~750 million USD
🔹 Open Interest increased by: ~2 billion USD
🔹 ETF flows: Strong rotation of capital, recording a rise of 433 million USD on Friday
🔹 Next price targets: 90,000 USD and 92,000 USD
*Why does this matter?*
1. Buying pressure from the closure of Short positions created a rocket-fueled rally, bringing ETF investors back into profitable territory.
2. Risk warning: Market leverage is increasing too quickly. If real buying demand doesn’t keep up, this surge may not be sustainable.
3. Short-term volatility remains high even though the technical signals from the 50-week moving average are very positive.
Do you think BTC will hit 90,000 USD this week, or will there be a deep correction?
👉 Read the news, make the decision — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC