BTC’s Rally Was a Short Squeeze, Not Real Buying, CryptoQuant

The post BTC’s Rally Was a Short Squeeze, Not Real Buying, CryptoQuant appeared first on Coinpedia Fintech News This week, Bitcoin jumped 4%, rising from $76,351 to $79,447. But CryptoQuant analyst Carmelo Aleman says the move was not driven by real buyers. Instead, the push came from the futures market, forcing short sellers out of their positions in a $1.19 billion short squeeze.Thus, Carmelo Aleman says the rally looks strong but is fragile …