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Stock Market Net Shorts Reaching Decade Highs Could Fuel a Bitcoin Breakout



After a record-breaking recovery rally, traders aren’t convinced any of the recent gains in the S&P 500 are sustainable and have amassed the largest net short futures position over the past decade. Due to the ongoing correlation between Bitcoin and the stock market, a massive short squeeze in the S&P 500 index could help Bitcoin finally break out from resistance at $10,000.
2020 is a Rollercoaster Year For the Financial Markets
At the start of 2020, Bitcoin went on a rally alongside other big-name cryptocurrencies like Ethereum, Chainlink, and Tezos. The bullish momentum to kick off the new year helped ...

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