Bitcoin Traders Tilt Bullish as Short Squeeze Looms While Chinese Memecoins Crash

Bitcoin traders are increasingly adopting a bullish sentiment as they anticipate a potential short squeeze in the market. This optimism comes at a time when numerous Chinese memecoins are experiencing significant declines in value, leading to heightened volatility within the cryptocurrency landscape. As traders look for opportunities amidst these contrasting market movements, many are positioning themselves to capitalize on the anticipated upward momentum in Bitcoin, while simultaneously navigating through the challenges presented by the downturn in these popular Chinese-themed tokens. source: https://www.coindesk.com/markets/2025/10/10/crypto-markets-today