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Bitcoin (BTCUSD) Eyes Massive Short Squeeze Amid Bearish Over-Leverage

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin shows potential for a short squeeze as bearish over-leverage builds between $63,000 and $66,000.
  • While recent ETF outflows and AI sector capital rotation pressured price, the total deleveraging of long positions reduces downside risk, setting the stage for a potential reversal if momentum shifts.
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BTCUSD price history

77141.55 +15.14% over the displayed period

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