🔮 ANALYSIS: the squeeze is real — but don't chase the second leg.
$125M in shorts wiped out in an hour as BTC tested the 21-day SMA (~$83.2K). Open interest at Oct-8 highs means leverage is building BOTH ways now.
If longs pile on into rising OI without spot volume following through, the risk flips: an overleveraged LONG squeeze, right into the Oct 27–28 FOMC.
Watch funding rates and liquidation maps, not the candles.
Not financial advice.
$BTC
$125M in shorts wiped out in an hour as BTC tested the 21-day SMA (~$83.2K). Open interest at Oct-8 highs means leverage is building BOTH ways now.
If longs pile on into rising OI without spot volume following through, the risk flips: an overleveraged LONG squeeze, right into the Oct 27–28 FOMC.
Watch funding rates and liquidation maps, not the candles.
Not financial advice.
$BTC