Impact of Short Squeezes on Bitcoin's 2020 Bull Run
11/18/2024 4:44:53 PM
According to Ki Young Ju, during the late 2020 period, many traders were shorting Bitcoin as it entered the price discovery phase. This action inadvertently contributed to a bull run as these traders were caught in short squeezes, leading to increased buying pressure. This historical context provides traders with insights into how market dynamics and trader behavior can fuel significant price movements. (Source)
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