Overview

Click to expand overview
Bitcoin [BTC] and the rest of the crypto market is expected to benefit from the same. However now, another notion. Hace 2 días The US Dollar Index (DXY) has plunged by more than 10 points since January, marking one of its sharpest year-to-date (YTD) declines since the turbulence of September The chart suggests $90,000 as a psychological barrier where a squeeze may occur, potentially forcing short sellers to buy back BTC at a loss. As of writing, CoinMarketCap The biggest obstacle for crypto remains the USD – where we think the market is heavily positioned to the short side and vulnerable to a short squeeze, which could Bitcoin is setting up a showdown with leveraged shorts immediately above its yearly open price. That key level near $93,500 is the main target for traders hoping that As Bitcoin (BTC) toes around the $70,000 price mark, there’s speculation that short-sellers are feeling the pressure due to diminishing downtrends and quicker-moving ¿Se avecina un short squeeze de Bitcoin o una caída a USD 87K? Bitcoin podría liquidar un gran bloque de posiciones cortas apalancadas con un viaje por encima de

Will Bitcoin suffer from a Dollar Index short squeeze? The market is watching closely, with many anticipating a shift in momentum. Bitcoin [BTC] and the rest of the crypto market are generally expected to benefit from a weaker US Dollar Index (DXY). However, a different scenario is now gaining traction: the potential for a dollar index short squeeze.

Hace 2 días, the focus shifted to the possibility of the USD staging a comeback. The US Dollar Index (DXY) has plunged by more than 10 points since January, marking one of its sharpest year-to-date (YTD) declines since the turbulence of September. The biggest obstacle for crypto remains the USD – where we think the market is heavily positioned to the short side and vulnerable to a short squeeze, which could negatively impact Bitcoin.

As Bitcoin (BTC) toes around the $70,000 price mark, there’s speculation that short-sellers are feeling the pressure. Diminishing downtrends and quicker-moving upward momentum are causing concern for those betting against Bitcoin. This leads to the question: ¿Se avecina un short squeeze de Bitcoin o una caída a USD 87K? Bitcoin podría liquidar un gran bloque de posiciones cortas apalancadas con un viaje por encima de crucial resistance levels.

Bitcoin is setting up a showdown with leveraged shorts immediately above its yearly open price. That key level near $93,500 is the main target for traders hoping that a short squeeze will materialize. The chart suggests $90,000 as a psychological barrier where a squeeze may occur, potentially forcing short sellers to buy back BTC at a loss. As of writing, CoinMarketCap data reflects the current market conditions.

While a DXY short squeeze could present short-term headwinds for Bitcoin, it's crucial to remember that the crypto market's long-term trajectory remains tied to various factors, including adoption rates, regulatory developments, and technological advancements. The possibility of a short squeeze on the Dollar Index adds another layer of complexity to the current market dynamics, requiring investors to exercise caution and conduct thorough research before making any investment decisions.

Top Sources

Related Articles