378 million dollars of shorts were burned in a single hour, and that is what turned fear into a reclaim. 💥
crypto.news reports almost 378 million dollars in bearish crypto positions were liquidated within one hour during the rebound, with CoinGlass putting total liquidations near 747 million dollars in that period. 📊 My reading is that this was a textbook short squeeze, because Bitcoin fell toward 75,600 dollars on midterm fear, shorts piled in below 78,000, and the reclaim above 80,000 forced them to buy back all at once. Squeezes move fast and end fast, so the honest question now is whether real buyers step in at 80,000 or the market drifts back once the forced buying is done.
Was the squeeze the start of a real uptrend, or just forced buying that fades? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
crypto.news reports almost 378 million dollars in bearish crypto positions were liquidated within one hour during the rebound, with CoinGlass putting total liquidations near 747 million dollars in that period. 📊 My reading is that this was a textbook short squeeze, because Bitcoin fell toward 75,600 dollars on midterm fear, shorts piled in below 78,000, and the reclaim above 80,000 forced them to buy back all at once. Squeezes move fast and end fast, so the honest question now is whether real buyers step in at 80,000 or the market drifts back once the forced buying is done.
Was the squeeze the start of a real uptrend, or just forced buying that fades? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
