BITCOIN IS BACK ABOVE $80K
Bitcoin just surged roughly 5%, triggering a major short squeeze as about $180M in crypto short positions were liquidated within an hour.
The move shows how quickly crowded bearish positioning can fuel an upside move. As BTC pushed higher, short sellers were forced to close their positions, adding further buying pressure.
Recent liquidation data confirms that shorts have been taking the majority of the damage, with more than $245M in short liquidations over 24 hours in current tracking.
#BTC Price Analysis# #BTC Above 60K# $BTC $ETH
Bitcoin just surged roughly 5%, triggering a major short squeeze as about $180M in crypto short positions were liquidated within an hour.
The move shows how quickly crowded bearish positioning can fuel an upside move. As BTC pushed higher, short sellers were forced to close their positions, adding further buying pressure.
Recent liquidation data confirms that shorts have been taking the majority of the damage, with more than $245M in short liquidations over 24 hours in current tracking.
#BTC Price Analysis# #BTC Above 60K# $BTC $ETH
