Bitcoin shows signs of a short squeeze...Will $100,000 become a reality?

▲ Bitcoin(BTC)

An unconventional analysis suggests that Bitcoin (BTC) could rapidly reach the $100,000 mark, showing signs of a record-breaking short squeeze.

Cryptocurrency analyst Lark Davis stated in a video uploaded to his YouTube channel on April 27 (local time) that the funding rate in the Bitcoin futures market has been negative for 46 consecutive days. Davis pointed out the current situation where bearish bets are excessively concentrated, saying, "The case of the 30-day average funding rate remaining negative for such a long period is similar to the bottom of the 2022 bear market." Davis warned that if the price starts to rebound, leveraged short positions will be successively liquidated, leading to a cascading effect that could see Bitcoin surge vertically to $100,000.

Based on past cycles, Davis predicted that the bull run is highly likely to continue until 2028. Historically, it has taken approximately 26 months from breaking the previous all-time high to the peak of the next bull market. A golden cross of the Moving Average Convergence Divergence (MACD) was also detected in the indicator representing the price ratio of copper and gold. Davis emphasized that this signal precisely coincided with the start of mega bull markets, such as late 2016 and mid-2020. The fact that long-term moving averages are forming a golden cross on the weekly chart also supports a long-term upward trend forecast.

Macroeconomic and astronomical cycles are also sending positive signals. Davis analyzed, "The Trump administration's stock market stimulus could continue until mid-2028." The observation is that market expansion will continue until July 2028, when the next Blood Moon cycle cluster begins. Business cycles and presidential election cycles are also key factors supporting this long-term bullish outlook. The market is currently in a massive price formation process heading towards mid-2028.

In the altcoin market, Solana (SOL) and Ethereum (ETH) are also attempting to break through major resistance levels. Solana is aiming to recover a three-digit price within a symmetrical triangle pattern, while Ethereum has formed a structure that could rise to $2,800 if it closes above $2,400 on the daily chart. As trading environments for Bitcoin, Ethereum, and XRP improve, investor capital inflow is accelerating. In the last five trading days, US Bitcoin spot ETF purchases recorded nine times the amount mined, indicating extreme supply-demand imbalance.

Strategy aims to achieve a market capitalization of $1 trillion to $2.5 trillion within the next five years through its Bitcoin Power Curve strategy. The possibility of accumulating over 800,000 additional coins during this process has also been raised. The explosive growth of AI-related stocks such as Nvidia and Micron Tech is driving liquidity across the entire asset market. Bitcoin is leveraging record bearish bets as energy, moving towards the historic milestone of $100,000.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*