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Bitcoin Short Squeeze Pressure Cools After Fueling Major Price Moves

  • Short squeeze signals in April and May led to notable surges in Bitcoin's price.
  • The current scenario shows a neutral stance with no strong squeeze signals indicating a temporary easing of pressure from short sellers.
  • The Short Squeeze Pressure metric is essential for tracking potential turning points in market momentum.
  • Traders should stay alert as the easing pressure could swiftly return, bringing significant volatility.

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