Crypto’s Greatest Short Squeeze? Bitcoin and Ether Are Playing Hard to Get!

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Hold onto your digital hats, folks!

  • Bitcoin’s trying its darndest to jump back into the shorts, because nothing says “market stability” like a good old-fashioned bearish flip.

  • Meanwhile, Ether traders have managed to build the biggest leveraged short position in history-because who doesn’t love a little financial masochism?

  • And *just* in case you thought this was all just a quietly simmering chaos, traders are probably de-risking faster than you can say “Taylor Swift concert” before the Fed’s big Jackson Hole gathering-because nothing clears out the crypto crowd like a little macroeconomic drama. 🚀

Bitcoin (BTC) bounced back to $116,000 after Monday’s Wall Street opening, looking to lure the shorts into a false sense of security. Think of it as the financial version of a cat playing with a mouse-except the mouse is a highly volatile cryptocurrency.

BTC, ETH Charts: The Short Is On!

CryptoMoon Markets Pro and TradingView seem to agree: BTC/USD fought its way back from near $115K, like a boxer trying to stay upright. Meanwhile, a $500 million liquidation bonfire lit up the weekend selling spree, because what’s more fun than watching billionaires suddenly find themselves a bit more broke?

Traders, already clutching their golden goose eggs tightly, are predicting lower lows-because why not? BitBull, the trader who knows a thing or two about doom, said Bitcoin might wiggle around between $112K and $120K in Q3, while altcoins could-just maybe-head upward like a balloon at a birthday party.

“We could even see a capitulation wick below $112K, just like we had a pump above $124K.”

Coin’s favorite oracle, Michaël van de Poppe, agrees: if Bitcoin doesn’t breach $116.8K, it’s probably just gearing up for a quick dip-because what’s a good trend without a dip to look at?

Meanwhile, the order books tell a different story: traders are more divided than a pizza at a family reunion about what’s next, but they seem to agree that short-term price action will be about as predictable as a cat on a sugar rush.

Oh, and Ether? Its traders have now set a new record for shorting-because who doesn’t want to be the legend of the largest leveraged short position ever? 🚨🚨

“Speculators have now built the largest leveraged Ethereum $ETH short position in history 🚨🚨” – Barchart

Some sharp-eyed analysts are eyeing a potential short squeeze, with the neat little cluster of ETH shorts and BTC looking like they might just get caught in the squeeze of the century. CoinGlass even whispered that the critical point for BTC/USD liquidation? $116,500. Keep your eyes peeled!

Jackson Hole: The Macro Poker Game

While traders are busy sizing each other up, the macroeconomic bigwigs are gathering at Jackson Hole, where the Fed pretends to be all drama and no action-except they kinda do tell us what’s happening behind the curtain.

QCP Capital suggests we’ll see sideways trading, with dips around $112K attracting buyers, and rallies near $120K testing the supply. Spoiler alert: Powell’s speech might just be the plot twist everyone’s waiting for, but until then, it’s just the usual dance of “are we cutting rates or not?”

“Thursday’s higher‑than‑expected PPI numbers… have complicated the Fed’s policy framework, so the market will be looking for hints on the Fed’s thinking ahead of its September policy meeting.”

And in the great cosmic sitcom that is monetary policy, Powell’s recent speech was apparently full of hints that might just make traders backle each other for a better spot in line – or something equally thrilling.

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2025-08-18 19:55