5 billion dollar fatal trap and short squeeze scenario in Bitcoin!
The occurrence of this short squeeze could provide the fuel for another price explosion by creating a number of forced buys to close out losing positions. On the other side of the story, the fundameal driving engine has also been turned on. Optimism about another rate cut by the Federal Reserve has peaked, fueled by commes from BlackRock CEO Larry Fink.
Fink called Bitcoin a fear asset that investors seek to protect their capital against the devaluation of the national currency and governme deficits. With Bitcoin investme funds now owning around 7% of the eire BTC supply, the fate of the market’s next move seems to be eirely tied to the coinued insatiable appetite of institutional gias.
