Bitcoin Faces Potential Short Squeeze as Traders Brace for Volatility

Traders are closely watching the price of Bitcoin (BTC) as it teeters near a pivotal point in its market cycle. With record-high open interest signals growing leverage across the market, experts anticipate a sudden surge or sharp correction. As traders position themselves for potential shifts, some predict a ‘leverage flush’, where weak hands are forced out and prices stabilize, while others anticipate a short squeeze that could propel Bitcoin higher if the price breaks through resistance at $120,000. Bitcoin Open Interest Surges to Record High