Tag: squeezes
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Bitcoin’s Recent Rallies Fuelled by Massive Short Squeezes, Not New Bullish Momentum
Bitcoin’s most significant and violent price surges during its protracted two-year drawdown have not been primarily powered by a fresh influx of bullish investment, but rather by the dramatic and forced unwinding of bearish positions. This pivotal insight comes from a comprehensive new report published by leading analytics firm Glassnode in collaboration with crypto exchange…
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