Just like that, Bitcoin reclaimed its September highs!
In a report a few weeks ago, we outlined:
Derivative speculators are bearish, while long-term spot investors are continuing their accumulation. These are fertile grounds for a powerful disbelief rally that can trap bears.
We’ve seen this play out over the last few weeks, and yesterday’s action only confirmed our suspicions, where there was a notable short squeeze that drove a $3,000 move in the space of a few minutes.
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