Posteo
Hassan Imtiaz
$BTC
Short squeeze incoming.
Over the weekend, price rose slightly and is now ranging.
Meanwhile, CVD has declined while open interest is rising.
In other words, more leveraged shorts are entering the market.
However, while leveraged traders are positioning for a continuation lower, spot CVD is rising, showing that spot participants are buying.
This puts pressure on all those newly opened shorts and could either lead to a Sunday scam pump or a more sustainable move higher next week.
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