Anatomy of a Short Squeeze: How Bearish Bets Fueled Bitcoin’s Most Violent Rally

Main Facts In the high-stakes arena of cryptocurrency derivatives, a dramatic realization has emerged regarding the mechanics of Bitcoin’s price movements. According to a comprehensive joint report published by prominent blockchain analytics firm Glassnode and crypto derivatives exchange Bybit, Bitcoin’s most violent price rally during its two-year drawdown was not fueled by an influx of…

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