Is Bitcoin preparing for a spectacular breakout?
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After a sharp decline, BTC is recovering strongly, reaching the milestone of 90,000 USD!
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Data shows that while whales and retail investors are still selling, medium-sized investors are quietly accumulating, pushing demand from "accumulation addresses" to a record 365,000 BTC. This signals that long-term confidence is returning to the market!
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In particular, negative funding rates in the futures market are indicating a strong "short squeeze". This is a scenario where if BTC prices continue to rise, those betting on a price drop will be forced to buy in to close their positions, thus pushing the price even higher, potentially reaching liquidation zones like $94K, $98K, or $110K.
What do you think about this dramatic scenario? Will Bitcoin work its magic? Let's keep an eye on it!
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#Bitcoin #BTC #Crypto #ShortSqueeze #ThịTrườngCrypto
