🚨 The market just showed both sides of its personality in 72 hours.
First it crushed the shorts with a violent squeeze.
Then it turned around and punished the late longs with a sudden drop.
$BTC
Bitcoin ran hard from the low sixties toward eighty thousand before giving back some of those gains in a fast move.
Liquidity was thin, leverage was high, and the order books couldn’t handle the speed. This kind of two ways destruction is classic crypto.
The real question now is whether the buyers who showed up during the squeeze are still willing to defend these levels.
#USTariffsOnCanadianGoodsTakeEffect
First it crushed the shorts with a violent squeeze.
Then it turned around and punished the late longs with a sudden drop.
$BTC
Bitcoin ran hard from the low sixties toward eighty thousand before giving back some of those gains in a fast move.
Liquidity was thin, leverage was high, and the order books couldn’t handle the speed. This kind of two ways destruction is classic crypto.
The real question now is whether the buyers who showed up during the squeeze are still willing to defend these levels.
#USTariffsOnCanadianGoodsTakeEffect
