🚀 Bitcoin edges closer to the $90,000 mark after a broad "short squeeze"!
The market just saw a sudden surge of BTC when it broke above the $82,000 threshold and hit a peak of $87,300, causing heavy losses for the selling side.
📌 Key metrics:
▪️ Short liquidation value: approximately $750 million
▪️ Open Interest (Open Contracts): up by about $2 billion
▪️ ETF capital: recorded an increase of $433 million on Friday
▪️ Short-term targets: $90,000 and $92,000
🔍 Quick analysis:
- Closing a large number of Short positions created a strong push, helping ETF funds return to profit.
- However, be cautious because leverage ratios are heating up too fast. If there isn’t real buying support, this rally could face the risk of a pullback.
- Although the 50-week moving average gives a very encouraging signal, short-term volatility will remain high.
In your view, will BTC hit the $90,000 mark this week, or will there be a corrective drop?
👉 Follow the market 24/7 — Follow Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC
The market just saw a sudden surge of BTC when it broke above the $82,000 threshold and hit a peak of $87,300, causing heavy losses for the selling side.
📌 Key metrics:
▪️ Short liquidation value: approximately $750 million
▪️ Open Interest (Open Contracts): up by about $2 billion
▪️ ETF capital: recorded an increase of $433 million on Friday
▪️ Short-term targets: $90,000 and $92,000
🔍 Quick analysis:
- Closing a large number of Short positions created a strong push, helping ETF funds return to profit.
- However, be cautious because leverage ratios are heating up too fast. If there isn’t real buying support, this rally could face the risk of a pullback.
- Although the 50-week moving average gives a very encouraging signal, short-term volatility will remain high.
In your view, will BTC hit the $90,000 mark this week, or will there be a corrective drop?
👉 Follow the market 24/7 — Follow Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC