Bitcoin just pushed back above $65k. Ethereum cleared $1,800 again.
$150M in shorts got wiped out in the last 90 minutes.
Classic squeeze. Overleveraged bears betting on continuation got caught wrong-footed when the bounce came. This is what happens when positioning gets too one-sided — liquidity hunts the stops, and forced covering accelerates the move.
Short-term, this creates relief. But watch whether this holds or if it's just a violent retest before the next leg. The real question is whether this reclaim sticks or if we're just resetting funding rates before another leg down.
Liquidation cascades tell you about positioning, not necessarily trend direction. They clear out weak hands, but don't always mark the bottom.
$150M in shorts got wiped out in the last 90 minutes.
Classic squeeze. Overleveraged bears betting on continuation got caught wrong-footed when the bounce came. This is what happens when positioning gets too one-sided — liquidity hunts the stops, and forced covering accelerates the move.
Short-term, this creates relief. But watch whether this holds or if it's just a violent retest before the next leg. The real question is whether this reclaim sticks or if we're just resetting funding rates before another leg down.
Liquidation cascades tell you about positioning, not necessarily trend direction. They clear out weak hands, but don't always mark the bottom.
