Bitcoin Price On The Rise: Is The $70K Mark Within Reach?<\/a><\/div>\nThese major sell-offs by the German government and Mt. Gox, once considered major threats to the crypto market, now seem to have minimal impact, indicating that no significant bearish obstacles prevent Bitcoin from surging to the $72,400 mark, creating a short squeeze.<\/p>\n
Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"
Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 level last week to trading as high as above $66,000 in the early hours of Wednesday before now retracing to a current trading price of $64,433. This bullish price performance has been the downfall of approximately 50,436 traders in the crypto market today. Particularly, according to data from Coinglass, this number of traders has seen massive liquidations, bringing the current total liquidations to $145.58 million. Bitcoin traders felt the brunt of this total liquidation, seeing roughly $46.22 million shared evenly between short and long positions, indicating the asset’s mixed trajectory in the past day alone. Related Reading: Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin? Bitcoin: Bigger Liquidations Incoming While recent trading activities have triggered millions of dollars in liquidations, further data shows that this scenario could escalate dramatically, turning into billions if Bitcoin continues its ascent towards record highs, breaching a notable mark. Particularly, as reported by MartyParty, a prominent crypto enthusiast in the community, should Bitcoin’s price hit $72,400, the market would feel the impact, with nearly $19 billion in Bitcoin short positions poised for liquidation at this price point. Marty Party reported this on Elon Musk’s social media platform X, citing data from Coinglass. Concluding this disclosure, the crypto enthusiast noted: “Never bet against technology.” How Long For This Liquidation To Occur? While the $72,400 price mark might seem like a long stretch from the current market price, BTC might not take that long to get to this mark, given the current fundamentals. For instance, the market might be drawn quicker to this mark as this is where the liquidity lies to fuel its current trend. Aside from that, no bears are\u00a0in sight to slow the asset’s rally from getting there in the short term. First of all, the German government has sold off all of its BTC holdings of roughly 49,858 BTC with a current balance below $500, according to data from Arkham Intelligence. Notably, the current balance of approximately $427 worth of BTC is the cumulative sats (small units of BTC) donated from different wallet addresses. Furthermore, according to recent data from CryptoQuant, 36% of Mt. Gox BTC has been distributed to creditors. However, despite this distribution, BTC’s price is yet to see any notable correction, which suggests two things: that the creditors are not selling, and even if they are, the Bitcoin market is absorbing it real quickly as evident in the slight stabilization of BTC’s price. Related Reading: Bitcoin Price On The Rise: Is The $70K Mark Within Reach? These major sell-offs by the German government and Mt. Gox, once considered major threats to the crypto market, now seem to have minimal impact, indicating that no significant bearish obstacles prevent Bitcoin from surging to the $72,400 mark, creating a short squeeze. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":630277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,16082,1119,78790,86908,6664,85578],"class_list":["post-630268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-shorts","tag-btc","tag-btcusdt","tag-coinglass","tag-crypto","tag-crypto-liquidations"],"acf":[],"yoast_head":"\n
Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze<\/title>\n<meta name=\"description\" content=\"Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 feels last week to...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze\" \/>\n<meta property=\"og:description\" content=\"Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 feels last week to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-18T06:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-17T17:50:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze\",\"datePublished\":\"2024-07-18T06:00:45+00:00\",\"dateModified\":\"2024-07-17T17:50:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\"},\"wordCount\":557,\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin Shorts\",\"btc\",\"BTCUSDT\",\"Coinglass\",\"crypto\",\"crypto liquidations\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\",\"url\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\",\"name\":\"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-07-18T06:00:45+00:00\",\"dateModified\":\"2024-07-17T17:50:36+00:00\",\"description\":\"Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 feels last week to...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.wncen.com\/#website\",\"url\":\"https:\/\/www.wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/www.wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze","description":"Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 feels last week to...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/","og_locale":"en_US","og_type":"article","og_title":"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze","og_description":"Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 feels last week to...","og_url":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-07-18T06:00:45+00:00","article_modified_time":"2024-07-17T17:50:36+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#article","isPartOf":{"@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze","datePublished":"2024-07-18T06:00:45+00:00","dateModified":"2024-07-17T17:50:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/"},"wordCount":557,"publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"image":{"@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024","keywords":["bitcoin","Bitcoin Shorts","btc","BTCUSDT","Coinglass","crypto","crypto liquidations"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/","url":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/","name":"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze","isPartOf":{"@id":"https:\/\/www.wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage"},"image":{"@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024","datePublished":"2024-07-18T06:00:45+00:00","dateModified":"2024-07-17T17:50:36+00:00","description":"Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 feels last week to...","breadcrumb":{"@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#primaryimage","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Watch Out Bears: Bitcoin Rally To This Mark Could Trigger $19 Billion Short Squeeze"},{"@type":"BreadcrumbList","@id":"https:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.wncen.com\/"},{"@type":"ListItem","position":2,"name":"Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze"}]},{"@type":"WebSite","@id":"https:\/\/www.wncen.com\/#website","url":"https:\/\/www.wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/www.wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze","url":"http:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/bitcoin-news\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin shorts","btc","btcusdt","coinglass","crypto","crypto liquidations"],"dateCreated":"2024-07-18T06:00:45Z","datePublished":"2024-07-18T06:00:45Z","dateModified":"2024-07-18T06:00:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/bitcoin-news\\\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/bitcoin-news\\\/watch-out-bears-bitcoins-rally-to-this-mark-could-trigger-19-billion-short-squeeze\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin shorts\",\"btc\",\"btcusdt\",\"coinglass\",\"crypto\",\"crypto liquidations\"],\"dateCreated\":\"2024-07-18T06:00:45Z\",\"datePublished\":\"2024-07-18T06:00:45Z\",\"dateModified\":\"2024-07-18T06:00:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-17-18.25.37-Create-a-featured-image-for-an-article-titled-Watch-Out-Bears_-Bitcoins-Rally-To-This-Mark-Could-Trigger-19-Billion-Short-Squeeze.-Show-the-Bitcoi.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/630268"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=630268"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/630268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/630277"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=630268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=630268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=630268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"German](\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/07\/Screenshot-2024-07-17-at-18.13.17.png?w=860&resize=860%2C602\")
![\"Bitcoin](\"https:\/\/pbs.twimg.com\/media\/GSpYx6sWkAAVO6_?format=jpg&name=medium\")