Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC

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Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC
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Could Bitcoin put in a surprise uptick instead of falling further? Consensus is growing that it's possible.

since November’s $69,000 all-time highs, and “squeezes” further occur when the market least expects a certain outcome.

Such an event could well be amplified thanks to “tepid” demand for spot BTC and futures open interest leverage, which is approaching 2% of the Bitcoin market capitalization, Glassnode continued.

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