#TrumpTaxCuts

CryptoQuant notes that many large short positions have yet to be liquidated, and if it surpasses the $88,000 range, a 'short squeeze' could trigger a strong upward momentum.

In the context of thin liquidity and a simple market structure, catalysts such as ETF cash flow, policy changes from the Fed, or instability in emerging markets could push BTC prices to the $98,000 – $100,000 range in a short period.

While the overall market sentiment leans towards optimism, Edwards' perspective further reinforces the belief that Bitcoin still has significant upside potential if the market re-evaluates its intrinsic value.

This could be an opportunity for long-term investors, especially as Bitcoin enters the historic post-halving phase.