Bitcoin

After the lawsuits against Binance and Coinbase, it didn't take long for the crypto money markets to retreat. 
While risks and pressures on altcoins continued, Bitcoin dominance rose to 51%, and with the rise earlier today, Bitcoin again reached the $ 29,000 limit. 
We have witnessed such rises before to liquidate short positions accumulated after bad news. So, is the last rally in Bitcoin a short tightening operation, or is someone really buying Bitcoin? 
Ki Young Ju, CEO of popular data analytics company CryptoQuant, said that the recent surge in Bitcoin is not about squeezing shorts and that someone is actually buying Bitcoin. 
“This is not a short squeeze rally. Someone is buying too much Bitcoin. 
I repeat. 
This is not a short squeeze rally. Someone is buying too much Bitcoin. 
<img decoding="async" class="&quot;alignnone" src="//www.bitcoinsistemi.com/wp-content/uploads/2023/06/Bitcoin-.png&quot;" alt="&quot;&quot;" width="&quot;927&quot;" height="&quot;667&quot;">" 
Sharing the Bitcoin Short Squeeze Ratio indicator, Ju stated in his post on June 16 that the rise is organic and that a short squeeze has not occurred yet. 
According to Ju's post, there is still a bullish opportunity to squeeze shorts in Bitcoin. 
The post <a rel="nofollow" href="https://en.bitcoinsistemi.com/cryptoquant-someone-is-buying-lots-of-bitcoin/">CryptoQuant: "Someone Is Buying Lots of Bitcoin"</a> appeared first on <a href="https://en.bitcoinsistemi.com">Bitcoin Sistemi</a>

CryptoQuant: "Someone Is Buying Lots of Bitcoin"

Bitcoin Sistemi EN

2023년 6월 21일에 게재된 다른 기사

Why Didn’t Binance Coin (BNB) Initiate an Increase? June 21 BNB Analysis

Crypto Titan Li Lin Sues Huobi: A Battle for Name Rights Unfolds

QUINTA's Evolution: The Past 6 Weeks

Binance Launches Futures Trading for Numeraire (NMR), Sends Prices Soaring!

Roblox Eyes Users Aged 17-Plus With More Responsible TikTok-like Metaverse Experiences

Ethereum (ETH) Breaks Through Enormous Resistance Level

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!