Bitcoin's September 21 short squeeze liquidated $648M in bearish bets and pushed price above $85K in a single violent hour — nearly $262M of that came in about 60 minutes as shorts got run over near $84K.
Here's the part that matters more than the squeeze itself: open interest didn't fall afterward, it kept climbing. Funding is now positive on 24 of the 25 largest BTC perpetual contracts, meaning longs are paying shorts again just days after being on the other side of the trade. The squeeze didn't delever the market — it just recycled the leverage into a new direction.
That's the setup that turns fast: crowded longs paying up into resistance is exactly the fuel for the next flush if momentum stalls.
Where are you positioning heading into the weekend — riding the long side or fading the crowd?
(OI/funding data via @coinglass_com)
$BTC $TBOT #Bitcoin #TokenBot #TradingSignals
tokenbot.com
Here's the part that matters more than the squeeze itself: open interest didn't fall afterward, it kept climbing. Funding is now positive on 24 of the 25 largest BTC perpetual contracts, meaning longs are paying shorts again just days after being on the other side of the trade. The squeeze didn't delever the market — it just recycled the leverage into a new direction.
That's the setup that turns fast: crowded longs paying up into resistance is exactly the fuel for the next flush if momentum stalls.
Where are you positioning heading into the weekend — riding the long side or fading the crowd?
(OI/funding data via @coinglass_com)
$BTC $TBOT #Bitcoin #TokenBot #TradingSignals
tokenbot.com
