Eric Trump’s $1M Bitcoin call comes as shorts pile up in historic numbers.
Key Takeaways
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Why is Bitcoin primed for a squeeze?
$5.13 billion in short exposure stacked at key liquidation zones makes Bitcoin loaded with short stops.
Does Eric Trump’s “buy the dip” call make sense?
Bitcoin’s Q4 seasonal momentum and a short-heavy futures setup create ripe conditions for a potential squeeze, making it a well-timed play.
The line between politics and crypto is getting blurrier by the day.
The market just bled close to $30 billion this week, pushing the TOTAL market cap down to $3.72 trillion. That wipes out all of September’s gains, a month usually heavy on risk-off flows.
Right in the mix, Eric Trump is putting some skin in the game.
In an interview with the “New York Post,” he called out a $1 million Bitcoin [BTC] bet by year-end, underscoring BTC’s historical Q4 tailwind.
“Crypto is growing faster than the internet ever did, and the future looks incredible. Q4 this year could be unbelievable. Bitcoin might even surpass $1 million as global quantitative easing kicks in. With M2 money supply skyrocketing worldwide, conditions are ripe.”
Meanwhile, Donald Trump has repeatedly taken shots at Fed Chair Jerome Powell.
His latest meme-tweet, “you’re fired,” quickly stirred market chatter, adding another layer of volatility to the macro backdrop.
In short, Eric Trump’s “buy the dip” post wasn’t just off the cuff.
Instead, it followed a 40-minute interview and Donald Trump’s visual jab at the Fed. So, with seasonal Q4 momentum kicking in, are the Trumps front-running a structural setup the market hasn’t fully priced in yet?
Bitcoin liquidity under pressure
October’s bullish edge is clear from the 2022 cycle.
Even in a bear market, with BTC ending the year 60%+ below its $47k open, October still saw a 5.56% ROI. That showed how seasonal momentum can align with structural setups and short-squeeze potential.
Right now, stacked short liquidity clusters have been fueling Bitcoin’s move back toward price discovery.
With BTC wiping out all of September’s gains, concentrated short leverage is building, setting the stage for a squeeze.
Bitcoin’s 30-day heatmap backs this up
Source: CoinGlass
Short liquidations over the past month outpaced longs by roughly 77%, with leverage dominating the short side with nearly $5.13 billion in cumulative short exposure.
Simply put, Bitcoin was stacked with short stops. Still, a $1 million target might be ambitious.
However, the structural conditions are ripe for a serious squeeze, making Eric Trump’s “buy the dip” play a well-timed call on BTC’s setup, given the bullish Q4 macro setup.
Next: Ethereum buyers drain exchanges, sellers hold the line – Who breaks first?
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