What actually turned $BTC green: a squeeze, not a celebration.
Roughly $1B in futures got liquidated this week, wiping out leverage. From deeply oversold, that sets up a sharp short-squeeze bounce, which is what today is.
Squeezes are real moves, but they run on covering, not fresh conviction.
Know what kind of rally you are in.
Roughly $1B in futures got liquidated this week, wiping out leverage. From deeply oversold, that sets up a sharp short-squeeze bounce, which is what today is.
Squeezes are real moves, but they run on covering, not fresh conviction.
Know what kind of rally you are in.