BTC: ALMOST $2 BILLION SHORT SQUIZ
📈 Bitcoin experienced its largest short liquidation since 2021, with the volume reaching almost $2 billion.
The rally began after news that the US Treasury plans to double its purchases of long-term bonds. This essentially means additional liquidity for the market.
📊 Now, the key factors are levels:
A daily close above $67,200 could break the local downtrend;
targets in this scenario are $76-77K;
For a complete reversal of the weekly trend, #BTC needs to consolidate above $83K.
⚠️ However, one powerful short squeeze doesn't necessarily mean a global trend reversal.
The Treasury's decision to inject liquidity into the market is a truly interesting factor.
$BTC $ETH $SOL #Analytics
📈 Bitcoin experienced its largest short liquidation since 2021, with the volume reaching almost $2 billion.
The rally began after news that the US Treasury plans to double its purchases of long-term bonds. This essentially means additional liquidity for the market.
📊 Now, the key factors are levels:
A daily close above $67,200 could break the local downtrend;
targets in this scenario are $76-77K;
For a complete reversal of the weekly trend, #BTC needs to consolidate above $83K.
⚠️ However, one powerful short squeeze doesn't necessarily mean a global trend reversal.
The Treasury's decision to inject liquidity into the market is a truly interesting factor.
$BTC $ETH $SOL #Analytics