$BTC just pushed back above $64,000. $ETH crossed $1,850 again. Over $95 million in shorts got liquidated in the last 4 hours.
Short squeeze momentum is real right now. When this much leverage gets flushed out this fast, it often creates follow-through. The question is whether this is just a relief bounce or the start of something bigger.
Watch for resistance zones around $65k for $BTC and $1,900 for $ETH. If those break with volume, we could see a proper reversal. If not, expect chop and another retest lower.
Liquidation cascades like this don't happen in isolation — usually means sentiment was too bearish and positioning was too one-sided. Market loves punishing consensus.
Short squeeze momentum is real right now. When this much leverage gets flushed out this fast, it often creates follow-through. The question is whether this is just a relief bounce or the start of something bigger.
Watch for resistance zones around $65k for $BTC and $1,900 for $ETH. If those break with volume, we could see a proper reversal. If not, expect chop and another retest lower.
Liquidation cascades like this don't happen in isolation — usually means sentiment was too bearish and positioning was too one-sided. Market loves punishing consensus.