Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts

Date: 2025-05-27

Key takeaways:Bitcoin could turn parabolic if prices move above $115,000 to liquidate more than $7 billion in short positions.Onchain indicators enter overheated territory, suggesting prolonged profit-taking from BTC investors.Bitcoin (BTC) showed strength on May 27, briefly tagging $110,700 after a strong US equities market open and the Trump Media and Technology Group’s announcement that it would raise $2.5 billion for a Bitcoin treasury. Bitcoin’s bullish momentum aligns with the favorable US financial conditions, as noted by Ecoinometrics. The macroeconomic-focused Bitcoin newsletter highlighted that the National Financial Conditions Index (NFCI) shows a rapid shift to ultra-loose territory after a tightening phase in February 2025. The...

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