Coinbase Stock Pops on a Bitcoin Short Squeeze. How to Play COIN Here.

A significant Bitcoin short squeeze has triggered positive market movements, driving up the stock prices of Coinbase and MicroStrategy. While these assets experienced a notable pop due to the squeeze, recent data indicates that Bitcoin Open Interest has collapsed to 12%. This sharp decline in Open Interest raises questions among traders regarding whether the short squeeze event has concluded, as the initial momentum that pushed COIN and MicroStrategy higher begins to shift in the current market.