#shortqueeze
shortqueeze
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The current rise of $BTC isn't supported by the orders #Spot . Proof of this is that BTC's on-chain activity has just hit its lowest level in 2 years.
This movement from BTC is mainly due to the liquidation of short positions opened by traders back in April. The trapped traders are forced to buy back their positions to cover losses: this is the famous #shortqueeze of the 4-year cycle, I don't need to teach you, you know the drill!
The outside is risky, so be careful!
This movement from BTC is mainly due to the liquidation of short positions opened by traders back in April. The trapped traders are forced to buy back their positions to cover losses: this is the famous #shortqueeze of the 4-year cycle, I don't need to teach you, you know the drill!
The outside is risky, so be careful!
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