Originally published at: https://www.channel-sea.cc/is-bitcoin-in-for-a-short-squeeze-4-bullish-trends-to-look-out-for-cryptoslate/
Bitcoin is now into its 12th week of the prevailing drawdown since the all-time-high, and derivatives traders are betting on more downwards movements by the premiere cryptocurrency. Meanwhile, on-chain demand models suggest a more bullish undertone is in play, according to on-chain analysts Glassnode. “As a percentage of the Bitcoin market cap, open interest in…