$3.8 billion in crypto shorts wiped out in 48 hours—the largest liquidation squeeze since 2021.
Here is what the tape is showing:
• BTC: Broke past $77,000, extending a +24% weekly gain
• ETF Flows: Spot BTC ETFs absorbed $606M in a single day, while ETH ETFs pulled in $221M
• Liquidations: $3.8B in forced short closures over two consecutive trading sessions
While derivative markets were heavily skewed short, institutional spot ETF inflows completely overwhelmed paper supply. The resulting squeeze pushed Bitcoin past major resistance levels as leverage got purged.
With weekend liquidity approaching and funding rates resetting, are you holding spot into the momentum or waiting for a leverage retest?
Here is what the tape is showing:
• BTC: Broke past $77,000, extending a +24% weekly gain
• ETF Flows: Spot BTC ETFs absorbed $606M in a single day, while ETH ETFs pulled in $221M
• Liquidations: $3.8B in forced short closures over two consecutive trading sessions
While derivative markets were heavily skewed short, institutional spot ETF inflows completely overwhelmed paper supply. The resulting squeeze pushed Bitcoin past major resistance levels as leverage got purged.
With weekend liquidity approaching and funding rates resetting, are you holding spot into the momentum or waiting for a leverage retest?