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Bearish Bets Beware: Bitcoin Short Squeeze Looms as OI Nears $25B
Bitcoin is staring down the barrel of a classic short squeeze cocktail, with open interest creeping toward a juicy $25 billion. As OI climbs higher than a degen's leverage position, the room is getting crowded enough to smell panic. When this many bears pile into the same lifeboat, sometimes all it takes is a gentle 1% green candle to watch them scramble for the exits like it's FUD Friday. Lights out, bucklers buckled.
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