Analyst: Bitcoin faces possible correction this week on long-squeeze risk
- —BTC futures open interest peaked locally on Sept. 21
- —Whales stopped selling BTC once price rose above $80,000
- —Exchange BTC reserves have declined since March 2024
- —Medium-term trend remains bullish on potential equity liquidity rotation
Why it matters: A long squeeze could trigger a short-term pullback, but renewed whale accumulation would confirm the bullish case.
Source: The Cryptonomist (IT)