Bitcoin Short Squeeze Looms as CPI Data Fuels Market Shifts

Institutional investments are driving Bitcoin’s price towards new highs, fueled by speculation surrounding a potential US Consumer Price Index (CPI) surge that could indicate increased bullishness for the market. The anticipated short squeeze is expected to occur amidst growing interest from institutional investors and their focus on Bitcoin spot ETFs. This event could significantly shift market dynamics, potentially making Bitcoin less of a safe haven asset and highlighting the increasing role of institutional investors.