Bitcoin (BTC) climbs back above $85,000, the first time since January; over the past 24 hours it’s up 5.59%. The real driver is those $648 million short positions that were forcibly liquidated. Total liquidations across the entire market for the day add up to $750 million. This isn’t a bull run charging forward—it’s the shorts lifting themselves onto the sedan.
My view is simple: the fuel for this move is overcrowded short positions, not new money relocating. The evidence is in the market structure—most of the positions that got liquidated haven’t really left; they’ve merely flipped from short exposure to spot. That’s why major coins rise across the board, but no one is leading solo. Ethereum (ETH) is trading at $2,721, up 5.63% in a day; BNB is at $789, up 4.94%. Put these three numbers together and it shows the money didn’t leave—it's just changed locations to wait.
I also specifically checked the BNB order book: the price is up close to 5%, but discussion volume is rather subdued. This kind of rally usually comes from large capital that doesn’t want to make noise. The longtime Dogecoin (DOGE) fans of “Brother Ma” probably feel it the most today: the market always plays like this—first crush the short side, then crush the other side.
Tonight, I’ll watch one key point: whether Ethereum can hold above $2,800 at the close. If it can, then the next level isn’t just wishful talk; if it can’t, then this move is only the fireworks released by short-covering.
🐶 Come take a look with Brother Ma: #小狗 ✨🚀
My view is simple: the fuel for this move is overcrowded short positions, not new money relocating. The evidence is in the market structure—most of the positions that got liquidated haven’t really left; they’ve merely flipped from short exposure to spot. That’s why major coins rise across the board, but no one is leading solo. Ethereum (ETH) is trading at $2,721, up 5.63% in a day; BNB is at $789, up 4.94%. Put these three numbers together and it shows the money didn’t leave—it's just changed locations to wait.
I also specifically checked the BNB order book: the price is up close to 5%, but discussion volume is rather subdued. This kind of rally usually comes from large capital that doesn’t want to make noise. The longtime Dogecoin (DOGE) fans of “Brother Ma” probably feel it the most today: the market always plays like this—first crush the short side, then crush the other side.
Tonight, I’ll watch one key point: whether Ethereum can hold above $2,800 at the close. If it can, then the next level isn’t just wishful talk; if it can’t, then this move is only the fireworks released by short-covering.
🐶 Come take a look with Brother Ma: #小狗 ✨🚀
