Is A Short Squeeze Upon Us?

Listen now (6 min) | To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow Will on Twitter or sign up for his email by clicking here. Here is Will’s analysis: Hope all is well, and you’ve had a great week. After a sweep below range lows, it looks like price action is starting to reflect some of the trends we’ve been following over the last few weeks; but we’re still not out of the woods yet. In the short term BTC needs to clear $36.5K, $41-42K, and then ultimately get above its 200-day moving average. I personally see getting back above that 200DMA as confirmation of bull run continuation, but others may have different opinions as to what that level of confirmation is. Let’s dive into this week’s on-chain overview. Hope you enjoy!

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