#onchain #analysis
#BTC #short_term #bullish
BTC short squeeze in the short term -> $35k
There is a high possibility of a short squeeze with $BTC in the next few days. The whole crypto market will benefit.
Here are two reasons why:
The mean amount of BTC sent to derivative exchanges has increased massively over the last few days. This means that whales are sending a lot of BTC to exchanges to set long positions before moving the prices on spot exchanges.
Furthermore, a sharp price increase on spot exchanges could lead to a lot of short liquidations. Since many retail investors are short and the sentiment is bearish the funding rates have turned negative. Whales make money by liquidating shorts/longs.
by yourdefiguide
