Analyst Anticipates Bitcoin Short Squeeze to $90,000 Amid Volatility
Despite Bitcoin fluctuating between $73,202 and $74,694 and a 2.44% decrease in futures open interest over 24 hours, analyst CrediBULL Crypto predicts a short squeeze to $90,000. However, recent liquidations predominantly affected long positions, indicating a lack of strong buying dominance.
Bitcoin fluctuated between $73,202 and $74,694 on November 12, 2026.
Bitcoin futures open interest decreased by 2.44% in 24 hours.
Analyst CrediBULL Crypto predicts a potential short squeeze to $90,000.
Most liquidations were long positions, indicating a lack of buying dominance.
Story
On November 12, 2026, Bitcoin fluctuated between $73,202 and $74,694, while Bitcoin futures open interest decreased by 2.44% over the last 24 hours. In this volatile environment, some analysts anticipate a short squeeze. Analyst CrediBULL Crypto suggests Bitcoin could rise from $72,000 to $90,000 within days if a short squeeze materializes. Michaël van de Poppe notes Bitcoin found support around its 200-day moving average near $73,200 and needs to break the $75,000 resistance. Approximately $290 million in crypto positions were liquidated in the last 24 hours, predominantly long positions. The prediction of a short squeeze is speculative and highlights the potential for rapid price movements if short positions are forced to cover. However, the liquidation of mostly long positions indicates a lack of strong buying dominance currently. A decline in open interest, if accompanied by a price increase, could signal short covering.
Issue context
The crypto market is in a corrective phase on November 12, 2026, marked by declining prices and a general risk-off sentiment. Bitcoin and Ethereum are experiencing significant drops, and the total market capitalization has fallen by almost 4% in the last 24 hours. Despite this, funding rates for major cryptocurrencies remain positive, indicating that long positions are still paying short positions in perpetual futures markets. This could signal continued leverage even amidst the current downtrend. Market sentiment, as measured by the Fear & Greed Index, stands at 29, indicating "Fear." This development is accompanied by substantial outflows from institutional crypto ETFs, pointing to waning demand from large investors.
Current market movements indicate increased volatility and a tendency towards risk reduction. Pay attention to open interest developments and ETF flows, as these indicators can influence market direction. Be aware that regulatory changes and large on-chain transactions can quickly shift sentiment. Remain vigilant and consider the heightened risks in a deleveraging environment.
Market pulse
BTC
$73.9K
-1.27% 24h / -5.31% 7d
Fear & Greed
29
Fear
BTC Funding
+0.0075%
20 perp markets · Open Interest $36.1B
BTC Open Interest
$36.1B
24h volume $59B · basis +0.064%
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.