Bitcoin Price Drops After Lawsuit Greenlighted, But Analysts Predict Rebound on Supply Crunch

• Bitcoin price dropped after SEC ruling allowed lawsuit against Coinbase staking program to proceed

• Analysts warn the growing gap between institutional Bitcoin longs and hedge fund shorts could result in a short squeeze

• Bitcoin demand has soared in 2022 while supply liquidity continues to decline, further supporting price increases

• Evidence emerged of 2,000 Bitcoins from 2010 being moved, likely sold over-the-counter

• Analysts say declining sell-side liquidity relative to demand could fuel further Bitcoin price rises