BEARS JUST GOT DESTROYED.
Crypto shorts suffered over $2.7 billion in liquidations as Bitcoin rallied above $70,000.
The move caught a lot of traders on the wrong side.
This is exactly why leverage matters.
When positioning becomes too one-sided, the market doesn’t need much fuel to trigger a violent move in the opposite direction.
Bitcoin didn’t just move higher.
It forced billions in bearish bets to unwind.
Now the question:
Was this the start of the next leg higher…
Or did the market just flush out excessive leverage before the next battle?
Watching how price reacts around $70K closely.
Crypto shorts suffered over $2.7 billion in liquidations as Bitcoin rallied above $70,000.
The move caught a lot of traders on the wrong side.
This is exactly why leverage matters.
When positioning becomes too one-sided, the market doesn’t need much fuel to trigger a violent move in the opposite direction.
Bitcoin didn’t just move higher.
It forced billions in bearish bets to unwind.
Now the question:
Was this the start of the next leg higher…
Or did the market just flush out excessive leverage before the next battle?
Watching how price reacts around $70K closely.
