Bitcoin Short Squeeze: Shorts Surge, Risk Liquidation As Demand Remains 📉

Bitcoin recently reached a new high above $76,000 but has struggled to maintain this momentum, leading to increased bearish sentiment in the market.

Significant activity has been noticed in the derivatives market, where there has been a shift in the ratio of Bitcoin longs versus shorts over the last few days. This indicates a potential short squeeze scenario.

The high demand for Bitcoin alongside selling pressure could lead to further liquidations as short positions become increasingly risky.