{"id":22663,"date":"2024-06-12T13:30:34","date_gmt":"2024-06-12T10:30:34","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22663"},"modified":"2024-06-12T12:54:01","modified_gmt":"2024-06-12T09:54:01","slug":"bitcoin-analysts-warn-of-long-squeeze-this-week-eyes-key-data-releases","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-analysts-warn-of-long-squeeze-this-week-eyes-key-data-releases\/","title":{"rendered":"Bitcoin Analysts Warn of Long Squeeze This Week, Eyes Key Data Releases"},"content":{"rendered":"<p>Bitcoin analysts have warned of a potential long squeeze this week, coinciding with the release of key macro data.<\/p>\n<p>Spot <strong>Bitcoin<\/strong> ETFs in the US had set a record by growing for 19 consecutive days before losing the streak at the start of this week.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analysts-warn-of-long-squeeze-this-week-eyes-key-data-releases\/#Long_Squeeze_Warning\" title=\"Long Squeeze Warning\">Long Squeeze Warning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analysts-warn-of-long-squeeze-this-week-eyes-key-data-releases\/#Developments_That_Will_Affect_the_Price_the_Most\" title=\"Developments That Will Affect the Price the Most\">Developments That Will Affect the Price the Most<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Long_Squeeze_Warning\"><\/span><strong>Long Squeeze Warning<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>After the streak was broken, K33 Research analysts said that investors on the CME exchange have been updating their positions to reduce risk. However, investors outside the US are still taking on a lot of risk.<\/p>\n<p>Bitcoin, long squeeze, macro data, inflation, FOMC, Jerome PowellIt has been stated that a long squeeze could occur in the short term, along with the macro data to be released this week.<\/p>\n<p>Leveraged positions used in perpetual futures contracts in <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-retail-demand-hits-low-investors-cpi\/\"><strong>Bitcoin<\/strong><\/a> have risen to 260,000 BTC after two weeks of growth.<\/p>\n<p>&#8220;Traders who have been bullish over the past two weeks are now underwater, the value of open positions has increased by 32,000 BTC compared to the last time <strong>Bitcoin<\/strong> traded at these levels,&#8221; analysts said.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Developments_That_Will_Affect_the_Price_the_Most\"><\/span><strong>Developments That Will Affect the Price the Most<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The price of <strong>Bitcoin<\/strong> was affected by non-farm employment data released in the US last week. Market eyes are now on inflation data coming out of the US this week.<\/p>\n<p>&#8220;The FOMC&#8217;s dot plot and Jerome Powell&#8217;s press conference that will shed light on the future will probably be the most concrete things that affect the price, as <strong>Bitcoin<\/strong> continues to show sensitivity to the market&#8217;s interest rate expectations,<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 520px; top: 171.547px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin analysts have warned of a potential long squeeze this week, coinciding with the release of key macro data. Spot Bitcoin ETFs in the US had set a record by growing for 19 consecutive days before losing the streak at the start of this week. Long Squeeze Warning After the streak was broken, K33 Research<\/p>\n","protected":false},"author":1,"featured_media":22294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,1477,1180,4118,6792,6793],"class_list":["post-22663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-fomc","tag-inflation","tag-jerome-powell","tag-long-squeeze","tag-macro-data"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Analysts Warn of Long Squeeze This Week, Eyes Key Data Releases - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analysts-warn-of-long-squeeze-this-week-eyes-key-data-releases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Analysts Warn of Long Squeeze This Week, Eyes Key Data Releases - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin analysts have warned of a potential long squeeze this week, coinciding with the release of key macro data. 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