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ONE LAST PUSH DOWN!!!! MASSIVE BITCOIN SHORT SQUEEZE AROUND THE CORNER!!!!The short squeeze begins when the price jumps higher unexpectedly and gains momentum as a significant measure of the short sellers decide to cut losses and exit. Bitcoin's Rally to $28K Spurred by Largest Short Squeeze This Month The price surge liquidated some $ million of short positions in the past 24 hours, the. The idea is that the widespread ability to own bitcoin through easy-to-trade ETFs will substantially boost demand for the token and by extension.