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BTC LONG/SHORT Ratio Analysis:

If Bitcoin breaks its all-time high with a long/short ratio around 0.9566, the setup could trigger some significant up move due to a potential short squeeze.

Since there are more short positions (even if only slightly), a breakout above the all-time high could lead to rapid short covering. Traders who are short would need to buy back BTC to cover their positions, pushing prices even higher.
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🕒 30.10.2024 07:18💎 0≈0.000 Ƶ🔽 0