Bitcoin's price has recently reached new heights, surging past $97,000 with a 3.4% increase in the past 24 hours to $98,748.72. This remarkable price rally is attributed to several factors such as regulatory clarity, increased market optimism, and a boost in institutional adoption. These elements have fueled positive market sentiment around Bitcoin.
Given the extraordinary price movement, there could be a potential $1B short squeeze. This scenario arises as traders who bet against Bitcoin, believing the price would fall, might be forced to buy back at higher prices to limit their losses, hence driving the price up even further.
Nguồn: www.thecoinrepublic.com ↗
