Squeeze

Bitcoin Tops $30k As Supply Squeeze Continues

Bitcoin prices accelerated overnight, surging through $30,000 for the first time and nearing $31,000 as we write… Source: Bloomberg Now over $10,000 beyond 2017’s record high… Source: Bloomberg Ethereum was also bid to a new cycle high at $770, but well below its $1400-plus record from Jan 2018… Source: Bloomberg The area immediately below $30,000…

The Greatest Short Squeeze In History

From the lows in March, the “most shorted” stocks in the market are up a stunning 207% – by far the largest such surge in the history of the data… Source: Bloomberg But that is nothing compared to the short-soul-crushing damage that Elon Musk’s Tesla has wrought in markets this year. With TSLA stock up…

Bitcoin Surges Towards $27k As Short Squeeze Accelerates

Update (1715ET): It seems like only yesterday, Bitcoin was trading at $24,000… And now, as short liquidations accelerate, the leading cryptocurrency is rapidly approaching $27,000… As CoinTelegraph notes, according to data from Bybt.com, more than $131 million worth of Bitcoin futures contracts were liquidated in the last 24 hours… As long as the derivatives market…