Cointelegraph.com NewsKey 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…
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…
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