$BTC
In the past few days, there is only one absolute king in the market, and that is ETH, which has performed the strongest. As the price breaks through 2540, short positions worth 600 million USD were directly eliminated, and a little bit of short positions were added above. Looking at this momentum, the area around 2600 will also be cleared.
BTC has not yet shown its second high and is still brewing. If it breaks through 106000 above, it will eliminate 1.5 billion USD in short positions, which can be achieved with less than a 3% increase in the current market. Next, we will see whether this short squeeze happens today or tomorrow, whether it is a slow knife cutting meat or a decisive strike!
25.5.11