Saylor's Buy Signal Triggers Short-Squeeze Fears
Bitcoin's price has been trading around the $65k level for over 12 weeks, and its liquidation heatmap shows significant leverage building up.
This has led to a short-side bet becoming increasingly attractive, with more than $30 million in short liquidity stacked near key levels.
However, Michael Saylor's latest Bitcoin buy signal suggests that he may be strategically positioning himself around these short liquidity clusters, potentially triggering a short squeeze and pushing BTC toward the $66k range.
The strong inflow of over $870 million into Bitcoin ETFs last week adds to the bullish sentiment, making it likely that this could turn a short squeeze into a broader trend reversal.