Ethereum Whales Accumulate, Signaling Bottom as Bitcoin Short Squeeze Potential Rises
Ethereum Whales Accumulate, Signaling Bottom as Bitcoin Short Squeeze Potential Rises
Ethereum (ETH) is experiencing a rebound, with whales aggressively accumulating an estimated $18 billion, suggesting a potential market bottom. Concurrently, MicroStrategy (MSTR), known for its significant Bitcoin (BTC) holdings, has become the world's most-shorted stock due to unrealized losses. However, analyst Tom Lee speculates that this crowded short position could lead to a substantial Bitcoin short squeeze, pushing prices higher.
Ethereum price is up about 3.4% in the past 24 hours, continuing a rebound signal that first appeared on technical charts yesterday. But this recovery may be more than a simple bounce. A deeper look shows a quiet positioning shift that many traders might have missed. Ethereum whales have been aggressively accumulating during the recent
MicroStrategy (MSTR) became the world’s most-shorted stock after recording ~$7 billion in unrealized Bitcoin (BTC) losses. Tom Lee argues the crowded short position could push prices higher. Why it matters: The details: The big picture: