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Jordan Kerridge warns of a potential Bitcoin liquidation squeeze as indicated by the current heatmap. The message comes ahead of the U.S. market open.
Kerridge recently reported that almost 47% of Bitcoin supply is held at an unrealized loss, a level typically seen during late bear markets, according to recent analysis. In a previous update, he also covered Elon Musk's public statement voicing support for Bitcoin's future prospects, as detailed here. The latest caution comes as market observers weigh these factors ahead of U.S. trading hours.