{"id":82147,"date":"2026-04-17T15:31:32","date_gmt":"2026-04-17T15:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=82147"},"modified":"2026-04-17T15:31:32","modified_gmt":"2026-04-17T15:31:32","slug":"bitcoin-hits-78000-as-46-days-of-short-positions-face-potential-short-squeeze","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=82147","title":{"rendered":"Bitcoin Hits $78,000 As 46 Days Of Short Positions Face Potential Short Squeeze"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) is up 5% after breaking above the descending trendline that defined the entire bear trend from $128,000, setting up short-squeeze conditions.<\/p>\n<h3 class=\"wp-block-heading\">The 46-Day Short Streak<\/h3>\n<p>The last time this squeeze <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-16\/bitcoin-s-fragile-recovery-sets-up-a-big-short-squeeze-risk?srnd=phx-crypto\">happened<\/a> was November to December 2022 during the FTX collapse.<\/p>\n<p>\u201cTraders are actively building short positions and betting against a breakout, creating conditions where a short squeeze becomes more likely if upward momentum persists,\u201d said <strong>Vetle Lunde<\/strong>, head of research at K33.<\/p>\n<p>If prices keep climbing, traders who bet against the rally face mounting losses that can force them to buy back positions all at once, sending prices sharply higher in a cascading short squeeze. The longer the standoff persists, the bigger the potential unwind.<\/p>\n<h3 class=\"wp-block-heading\">The Wall Street Push<\/h3>\n<p><strong>Goldman Sachs<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/GS\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"GS\" data-exchange=\"NYSE\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/GS\">GS<\/a>) filed for a Bitcoin ETF this week, its first direct push &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51887693\/bitcoin-hits-78000-as-46-days-of-short-positions-face-potential-short-squeeze?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" hits as days of short positions face potential squeeze>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) is up 5% after breaking above the descending trendline that defined the entire bear trend from $128,000, setting up short-squeeze conditions. The 46-Day Short Streak The last time this squeeze happened was November to December 2022 during the FTX collapse. \u201cTraders are actively building short positions and betting against a breakout, creating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-82147","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/82147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82147"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/82147\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}