Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts

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. Bitcoin’s bullish momentum aligns with the favor...