#BTCvsETH Here are the latest short‑term updates on Bitcoin (BTC) and Ethereum (ETH):
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🧭 Bitcoin (BTC)
Bearish on futures: Over 54% of Binance BTC futures traders are short, signaling a strong near-term bearish sentiment with a long/short ratio of 0.85 .
On‑chain suggests upside: CryptoQuant's STH MVRV metric is still below the profit-taking zone (~1.15 vs ~1.35), implying potential for 20–25% more upside—possibly pushing BTC toward $150K before a pullback .
Bull pennant breakout: Bitcoin recently broke out above $118K, targeting $137K on the back of bullish patterns .
➡️ In short: While futures sentiment is tilted bearish, key on-chain signals and technical charts hint at more rally potential—keep an eye on $118K–$123K support and a possible push toward $137K–$150K.
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⚙️ Ethereum (ETH)
Six‑month high: ETH surged to around $3,745, fueled by a whale accumulation of ~$50M and strong ETF interest .
Short squeeze building: Cointelegraph reports ETH is undergoing “one of the LARGEST short squeezes in crypto history.” A further ~10% rise would liquidate $1B in shorts and could drive ETH over $4,000 .
Technical breakout: ETH/USD rallied ~4% to $3,704. Price broke above a short-term wedge, bullish RSI (78–73) and MACD, signaling momentum continuation .
➡️ In short: ETH is showing strong momentum via whale buying, ETF flows, and a significant short squeeze. The next key milestone is breaking and holding above $4,000.
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📌 Summary Table
Asset Current Price Zone Key Short-Term Dynamics
BTC ~$118K–$123K Bearish sentiment; on-chain and technicals hint at further upside toward $137K–$150K
ETH ~$3.7K–$3.8K Whale accumulation & ETF inflows; short squeeze brewing—$4K next major hurdle
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✅ What to Watch This Week
BTC futures data: Shifts in positioning could signal trend reversals.
Key levels: BTC holds above $118K–$120K; ETH hovering around $3,800–$4,000.
Short liquidations: ETH short squeeze could accelerate if prices rise ~10%.
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Verdict:
While Bitcoin faces short-term bearish sentiment among traders, underlying metrics indicate room for further gains. Ethereum is in stronger form, with on-chain demand, technical momentum, and a significant short squeeze lining up for a push above $4,000.
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