Part 7/10:
One compelling indicator is the injection of $1.4 billion worth of stablecoins into Coinbase, coupled with large-scale Bitcoin withdrawals. This synchronized movement hints at a potential explosive move—possibly a short squeeze if Bitcoin’s price approaches critical resistance levels like $72,300. If prices rise by even $2,000 within half an hour, billions of dollars in short positions could be liquidated, propelling Bitcoin toward new all-time highs.
Crypto industry veterans like Adam Back speculate that favorable market conditions and strategic accumulation could push Bitcoin to fresh records over the long weekend. Such periods tend to see increased activity and market manipulation by entities looking to capitalize on quiet times for maximum effect.