Bitcoin starts a new week at an important crossroads as analysis sees the chance for a new short squeeze,
• Bitcoin closes the week above a key 200-week trend line, leading to fresh belief in a trip to $75000.
• Liquidations stay elevated, with a trader noting that longs should be in the driving seat going forward.
• US inflation data piles up, saving risk-asset volatility for later in the week.
• Bitcoin on chain profitability data paints a dangerous picture, with the net unrealized profit and loss ratio hitting three-year highs.
• Loss-making UTXOs suggest that bitcoin may be at the start of a new bear market.
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