$BTC is back near 86k, and some big CT bears are now planning to build shorts in the 86.5k–89.5k zone.
Before treating that as a signal, here's what the data says right now:
- 24h liquidations: ~$333M, about 73% were shorts
- BTC open interest: ~$56.6B, up 6.5% in 24h
- Funding: ~0.009%, roughly neutral
My read: the squeeze already hurt early bears, and new positions are being added into the move. But funding doesn't show a crowded short side yet, so this isn't a clean "squeeze is loading" setup either.
One more thing I noticed: 87–88k was the level the bear camp itself called invalidation earlier this year.
Now it sits inside the planned short zone. That's a big shift in positioning, and it tells you how fast narratives adjust to price.
Takeaway: a famous trader's entry is not your plan. Your size, stop and time horizon are different from theirs.
Before shorting or buying this range, test it. Backtest the entry, stress test a +10% squeeze, then decide.
Verify first. Risk later.
Not financial advice.
#BTC #Bitcoin #Liquidations #RiskManagement
Before treating that as a signal, here's what the data says right now:
- 24h liquidations: ~$333M, about 73% were shorts
- BTC open interest: ~$56.6B, up 6.5% in 24h
- Funding: ~0.009%, roughly neutral
My read: the squeeze already hurt early bears, and new positions are being added into the move. But funding doesn't show a crowded short side yet, so this isn't a clean "squeeze is loading" setup either.
One more thing I noticed: 87–88k was the level the bear camp itself called invalidation earlier this year.
Now it sits inside the planned short zone. That's a big shift in positioning, and it tells you how fast narratives adjust to price.
Takeaway: a famous trader's entry is not your plan. Your size, stop and time horizon are different from theirs.
Before shorting or buying this range, test it. Backtest the entry, stress test a +10% squeeze, then decide.
Verify first. Risk later.
Not financial advice.
#BTC #Bitcoin #Liquidations #RiskManagement