BTC > $72k and a flash crash in short positions 😨
$3 billion in short liquidations in a single day. According to Coinglass, this is the largest single-day short liquidation in history—even surpassing the figure from October 10 of last year.
This sharp rally didn’t come out of nowhere; it was preceded by a series of factors we’ve written about and warned about:
lack of spot volume, a shortage of BTC/ETH on exchanges, low market liquidity, bearish sentiment, and rising leverage on futures = manipulation and a record-breaking short squeeze.
$BTC > $72k, +12% in 24 hours; $ETH > $2,300, +22% in 24 hours; $HYPE +28% in 24 hours; other altcoins +10–15%—we haven’t seen such strong rallies in a long time, and there are immediately plenty of setups to work with. A feast for the eyes.
But don’t get carried away by the green! Yes, setups will pop up now, and you need to trade them, but don’t go all-in on longs, because manipulation works both ways, and there will definitely be a long squeeze coming. So, risk management, a cool head, stop-losses, and get to work!
#FASBProposesStablecoinsAsCashEquivalents
$3 billion in short liquidations in a single day. According to Coinglass, this is the largest single-day short liquidation in history—even surpassing the figure from October 10 of last year.
This sharp rally didn’t come out of nowhere; it was preceded by a series of factors we’ve written about and warned about:
lack of spot volume, a shortage of BTC/ETH on exchanges, low market liquidity, bearish sentiment, and rising leverage on futures = manipulation and a record-breaking short squeeze.
$BTC > $72k, +12% in 24 hours; $ETH > $2,300, +22% in 24 hours; $HYPE +28% in 24 hours; other altcoins +10–15%—we haven’t seen such strong rallies in a long time, and there are immediately plenty of setups to work with. A feast for the eyes.
But don’t get carried away by the green! Yes, setups will pop up now, and you need to trade them, but don’t go all-in on longs, because manipulation works both ways, and there will definitely be a long squeeze coming. So, risk management, a cool head, stop-losses, and get to work!
#FASBProposesStablecoinsAsCashEquivalents