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Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up

  • The Bitcoin futures market is experiencing a rise in leverage, indicating a potential short squeeze and a bullish rally.
  • Open interest in Bitcoin futures has grown by $6 billion, reaching $28.3 billion, with institutional traders holding onto positions confidently.
  • Short liquidations have significantly increased by $493 million, suggesting a possible short squeeze and upward pressure on Bitcoin's price.
  • If the short squeeze scenario continues, it could lead to a significant rally and a bullish trend for Bitcoin.

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