$378M of shorts got liquidated in ONE hour as $BTC reclaimed $80,000.
Per reports citing CoinGlass:
• Shorts were ~81% of forced closures in that hour
• $ETH gained about 6% in 24h to roughly $2,420
• US spot BTC ETFs had $1.16B net outflows over three sessions (SoSoValue)
Squeezes like this show how crowded the bearish side was. But ETF money was leaving while price rose, so the move is driven by derivatives, not fresh spot demand.
Watch: does ETF flow turn positive, and does $80K hold as support into Friday's payrolls?
Does $BTC close Friday above or below $80K?
Not financial advice.
#Bitcoin #Liquidations #CryptoNews
Per reports citing CoinGlass:
• Shorts were ~81% of forced closures in that hour
• $ETH gained about 6% in 24h to roughly $2,420
• US spot BTC ETFs had $1.16B net outflows over three sessions (SoSoValue)
Squeezes like this show how crowded the bearish side was. But ETF money was leaving while price rose, so the move is driven by derivatives, not fresh spot demand.
Watch: does ETF flow turn positive, and does $80K hold as support into Friday's payrolls?
Does $BTC close Friday above or below $80K?
Not financial advice.
#Bitcoin #Liquidations #CryptoNews