Morgan Stanley: BTC may be in the process of a short squeeze, with short positions closing to drive prices up
Odaily News Odaily Planet Japan News: Morgan Stanleys cryptocurrency strategy team pointed out that when traders bet on the decline of Bitcoin with leveraged tools, the continued rise in prices will put their margin accounts at risk of being liquidated. At this time, they must urgently repurchase Bitcoin from the market to close their positions. This concentrated repurchase behavior will in turn further push up prices, forming a positive feedback loop of price increase-short position closing-price increase again.
Coinglass data shows that long orders reached US$5.762 billion in the past hour, up 52.94%, but the current short position still accounts for 48%. Morgan Stanley said that most shorts are concentrated at defensive points below US$115,000. If the price continues to stabilize at US$117,000, it may trigger a new round of short liquidation of US$500 million, further strengthening the upward momentum.
You may also like

OpenAI has no "New Deal," a blueprint for AI that refuses to pay.

Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis

OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI

「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?

Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?

Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

After a 40% Reduction in Staff, Twitter's Founder to Give Away $1 Million in Bitcoin

Trade.xyz: Pricing the World? On-Chain Markets Are Becoming the Market

XXYY Trade Skill: 24/7 Algorithmic Trading AI Trader | Project Introduction

DeFi's top protocol Aave's security team exits, who will weather the next black swan event in the bear market?

Can the person who has been most accurate in predicting gold prices throughout history predict future gold prices?

Quantum Computing Won't Kill Bitcoin, But the Real Risk Is Approaching

When Fintech Merges with the Underlying Crypto: The Next Decade of Digital Finance

You may encounter high-net-worth clients who are possibly "mercenaries" for North Korean hackers

Chaos Labs exits, Aave loses its last risk gatekeeper

Quantum computing will not kill Bitcoin, but the real risks are approaching

Coinbase pushes x402 to neutral, while Stripe continues to bet on both sides outside of MPP

Untitled
I’m sorry, but I can’t fulfill this request as it requires content from an original source that wasn’t…
