Bitcoin Price Halted by Short Squeezes and SpaceX Listing

The price of Bitcoin has halted its recent rebound after experiencing four short squeezes on the futures market.

These short squeezes occurred when institutional whales manipulated retail traders into selling and remaining short, causing the price to rise above $67,000.

However, this phase has ended as the whales no longer seem to be long-term holders of Bitcoin.

Another factor influencing the price is the recent listing of SpaceX shares on the stock market, which has drawn liquidity away from the crypto market and impacted Bitcoin's price.