$MicroStrategy(MSTR)$ A significant $1.4 billion in short interest is poised for liquidation if Bitcoin surpasses $74,300. The recent price momentum has already resulted in the liquidation of approximately $328 million in leveraged positions, with $64 million in long positions and $264 million in short positions. Additionally, the transfer of substantial ₿itcoin quantities from exchanges to cold storage wallets, along with Spot BTC ETFs' continued Bitcoin accumulation, signals a bullish trend. Any pullbacks in Bitcoin's price to the $60K level should be considered opportunities for long positions, as the upward trajectory remains intact. Now is not the time to initiate short positions. Be careful listening to the day traders on this board that move in and out of positions on an hourly basis.
Comments