Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback. Bitcoin quickly plunged 5% to $58,000 in early Thursday U.S. trading, its lowest level since 2024. Derivatives and order-book data show crowded short positioning and stronger buy orders below the market, suggesting conditions are ripe for a short squeeze despite bitcoin’s ongoing downtrend. Bitcoin BTC $ 59,191.99 started the Thursday U.S. session with a fast 5% plunge…
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