After experiencing the largest weekly decline in six months, Bitcoin surged back above $71,000, is a short squeeze coming?

Wallstreetcn
2024.03.25 22:37
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On Monday, the spot Bitcoin ETFs surged by about 11%. In the past week, the largest short-selling volume of non-commercial Bitcoin CME futures since October last year has appeared. The mysterious buyer known as "Mr. Whale" and "Mr. 100" made another move, with weekend data showing that this buyer bought all the mined Bitcoins in the past two days. Financial blog Zerohedge exclaimed that a short squeeze is coming!