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 a Bitcoin treasury
source: https://cointelegraph.com/news/bitcoin-profit-taking-lingers-but-rally-to-115k-will-liquidate-7b-shorts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound