Bitcoin Shorts Build Up Amidst $19 Billion Liquidations, Potentially Signaling Short Squeeze

Recent liquidations of leveraged Bitcoin positions highlight a potential short squeeze scenario. Following Friday’s record-breaking liquidation events that wiped out over $19 billion in value, Bitcoin price has cooled down. However, market data reveals that a similar amount in short positions was executed only 24 hours later, raising eyebrows about the possibility of a short squeeze-fueled rally. This surge could push Bitcoin prices to new all-time highs if supported by significant whale and institutional demand.