$100M in shorts just got wiped in 30 minutes.
Leverage addicts getting rekt again. This is what happens when everyone's overleveraged short into a move.
Price action doesn't care about your position. If you're fighting momentum with high leverage, you're exit liquidity.
Watch for cascade liquidations if this keeps pumping. The next $50M-$100M in shorts sitting above current levels could fuel another leg up.
Leverage addicts getting rekt again. This is what happens when everyone's overleveraged short into a move.
Price action doesn't care about your position. If you're fighting momentum with high leverage, you're exit liquidity.
Watch for cascade liquidations if this keeps pumping. The next $50M-$100M in shorts sitting above current levels could fuel another leg up.
