Bitcoin Price Prediction: $500 Million in Short Positions Just Got Wiped Out — New Bull Market Starting?

Bitcoin might just triggered a major short squeeze that could affect price prediction.Over the past 24 hours, roughly $575M in positions were liquidated, with nearly $500M coming from short sellers alone. Bitcoin accounted for a large share of that wipeout, as price surged toward $70,000 before pulling back slightly.That forced buying accelerates the rally and creates the illusion of sudden strength.However, analysts…