Tuesday, April 23, 2024
Home > News > Bitcoin News > Bitcoin (BTC) and Ether (ETH) Could Face Risks From Potential Short Squeeze in Dollar Index; Crypto Options Trader QCP Capital

Bitcoin (BTC) and Ether (ETH) Could Face Risks From Potential Short Squeeze in Dollar Index; Crypto Options Trader QCP Capital

However, the good times may stop rolling if the heavily shorted U.S. dollar, which has recently found a “double bottom” price floor against major fiat currencies, sees a short squeeze – a rally powered by an unwinding of bearish bets, as per Singapore-based options trading firm QCP Capital.

Source