$1.19B in crypto positions were liquidated in the past hour, with $1.10B coming from shorts. That means the vast majority of the liquidations hit traders betting on further downside. This kind of imbalance can accelerate an upside move as leveraged shorts are forcibly closed, creating additional market-buying pressure. The big question now is whether the move has enough spot demand behind it to continue after the short leverage is cleared. #BTC Price Analysis# #BTC Above 60K# $BTC $ETH