CoinGlass data reveals that $10 billion in Bitcoin short positions could be liquidated, compared to only $5.6 billion on the long side. Bitcoin’s open interest has reached an 8-month peak, signaling an explosion of leverage while the price struggles to move. A trader recently opened a 40x short on BTC, illustrating the aggressiveness of current positioning. This week is crucial with three key macro events: U.S. foreign portfolio inflows on Monday, FOMC Minutes on Wednesday, and Japan CPI on Thursday. If the data confirms rate cut expectations, liquidity flows could trigger a historic short squeeze.
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