"Bitcoin Short Positions Are Squeezed, BTC Is Rising"

Bitcoin Short Positions Liquidated

In the past hour, it has been reported that more than 110 million dollars worth of Bitcoin short positions have been liquidated. These data were shared by the market analysis platform Coinglass. The increase in open positions remains quite limited.

Spot Demand in Focus

Bitcoin's rise to 90,000 dollars is supported by spot demand, beyond leveraged bets. This situation indicates that investors will drive the market upward with aggressive buying. During this rise, Bitcoin's total volume delta increased by %1,100, which signals a buying pressure not seen since the beginning of December.

Expert Opinions

Global Macro Investor Julien Bittel stated that he foresees a sustainable bull market due to Bitcoin's oversold indicator value. Bittel argues that the traditional four-year cycle has been disrupted and that Bitcoin's dominance has risen toward %60.