IS A BTC SHORT SQUEEZE ON THE HORIZON? 👀
Looking at this, we can see that net short positions in BTC are approaching levels last seen near the July low, after which Bitcoin rallied nearly 50%.
With BTC hovering around $74,000, bears could be falling into another trap.
If buyers manage to defend the $73,000–$75,000 zone, a short squeeze (forced liquidation of short positions) could push BTC toward the $80,000–$83,000 range.
⚠️ On the other hand, losing the $73,000 $ could open the door to a drop toward $66,000–$65,000.
#BTC #Binance #BinanceSquareFamily
Looking at this, we can see that net short positions in BTC are approaching levels last seen near the July low, after which Bitcoin rallied nearly 50%.
With BTC hovering around $74,000, bears could be falling into another trap.
If buyers manage to defend the $73,000–$75,000 zone, a short squeeze (forced liquidation of short positions) could push BTC toward the $80,000–$83,000 range.
⚠️ On the other hand, losing the $73,000 $ could open the door to a drop toward $66,000–$65,000.
#BTC #Binance #BinanceSquareFamily
