Monster $5 billion Bitcoin short squeeze alert

Bitcoin (BTC) is recovering after a somewhat disappointing start to the week as institutional inflows begin to accelerate once again, pushing “digital gold” back to $93,000 on Thursday, December 4. Other bullish signals have also started to emerge, with long-term holders and whales moving BTC from exchanges to cold wallets and reducing selling pressure in the process. As BTC continues its resurgence, roughly $5 billion in Bitcoin short positions are still sitting on the books and could be wiped out if the asset bounces back another 5% and makes a run back to $98,000, as per data reviewed by Finbold from CoinGlass on December 4. Bitcoin short positions source: https://finbold.com/monster-5-billion-bitcoin-short-squeeze-alert/