Q1asar22
@q1asar22
Bitcoin's sudden surge to $12,000 has many wondering if the bull run is back. However, a closer look at the market reveals a more nuanced story. On-chain data shows a significant increase in whale activity, while futures contracts are being heavily shorted. This suggests a possible short squeeze is underway, potentially driving prices even higher. But don't get too excited just yet, as a pullback to retest key supports is still a possibility.
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