Top Analyst Says Short Squeeze Incoming, Predicts Rallies for Bitcoin, Ethereum and Chainlink
Bitcoin EthereumTop Analyst Says Short Squeeze Incoming, Predicts Rallies for Bitcoin, Ethereum and Chainlink09 / 26 / 2022Balita ng Ethereum ng Bitcoin A widely followed crypto analyst is predicting an abrupt rally for a trio of digital assets fueled by short sellers. Crypto strategist Michaël van de Poppe shares to his 628,000 Twitter followers a tweet by financial researcher Jason Goepfert. According to Goepfert, retail traders have spent $18 billion on put options and accumulated $46 billion worth of short positions on index futures – both record setting. Source: Jason Goepfert/Twitter Van de Poppe sabi ni that the record-setting amount of short positions in the traditional markets is actually a bullish signal. “Short squeeze incoming.” Ang isang maikling squeeze ay nangyayari kapag ang mga mangangalakal na humiram ng mga unit ng isang asset sa isang tiyak na presyo sa pag-asang magbenta ng mas mababa upang maibulsa ang pagkakaiba (maikli) ay napipilitang bumili muli habang ang kalakalan ay gumagalaw laban sa kanilang bias. With Van de Poppe predicting a rally in the traditional markets, the crypto analyst is expecting Bitcoin (BTC) to follow suit. Bitcoin held the crucial area around $18,500 and is now looking to break out of this range. Another test of $19,500 (probably Monday) and well be good