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Bitcoin’s short squeeze: Will BTC bulls finally break through $100K?

It’s a textbook case of long traps playing out in real time. The question is: Who’s really in control now?

- Bitcoin’s OI heatmap showed longs getting squeezed time and time again.
- Are there signs of absorption at lower levels, or is this setting up for more downside?

Over the past month, the market has been setting a trap for Bitcoin [BTC] longs. The Open Interest (OI) Heatmap shows a clear pattern – buyers step in, Open Interest spikes, and then prices reverse, leaving them stuck.

The $99K — $100K zone saw a surge in OI, forming a local top before BTC dropped. With longs repeatedly getting caught, how can bulls strategize to break BTC out of its slump?

Bitcoin’s short squeeze: Will BTC bulls finally break through $100K?

It’s a textbook case of long traps playing out in real time. The question is: Who’s really in control now?

- Bitcoin’s OI heatmap showed longs getting squeezed time and time again.
- Are there signs of absorption at lower levels, or is this setting up for more downside?

Over the past month, the market has been setting a trap for Bitcoin [BTC] longs. The Open Interest (OI) Heatmap shows a clear pattern – buyers step in, Open Interest spikes, and then prices reverse, leaving them stuck.

The $99K — $100K zone saw a surge in OI, forming a local top before BTC dropped. With longs repeatedly getting caught, how can bulls strategize to break BTC out of its slump?

https://ambcrypto.com/bitcoins-short-squeeze-will-the-bulls-finally-break-through-100k/