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The Daily Hodl 2024-01-31 08:04:30

$1,000,000,000 in Short Liquidations Could Propel Bitcoin (BTC) Upward, Says Glassnode Founders

The co-founders of the crypto analytics firm Glassnode think Bitcoin’s (BTC) sudden move to the upside could trigger an even larger rally. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that Bitcoin’s sudden bullishness could result in a short squeeze. A short squeeze happens The post $1,000,000,000 in Short Liquidations Could Propel Bitcoin (BTC) Upward, Says Glassnode Founders appeared first on The Daily Hodl .

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