Bitcoin Short Squeeze Threatens Bears as $10B in Liquidations Loom

A potential Bitcoin short squeeze is building as $10 billion in short positions face imminent liquidation. Data from CoinGlass reveals that short sellers have concentrated their positions heavily above current price levels. This massive overhang has set the stage for a dramatic market turn.Speculators are clustering their bets around the $60,000 threshold, betting that a temporary decline in exchange-traded fund liquidity points to a deeper bear market. However, this positioning ignores a high-s