After BTC set a flag at 87k: Don’t mistake a short squeeze for a bull market
People got fearful of 78, and suddenly everyone’s greedy. But that big green candle last night wasn’t retail chasing it upward—it was the shorts being forced back to buy.
📍 Why it suddenly surged: it was supposed to fall but didn’t + shorts got beaten
Rate hikes and legislative bearish news were priced in. The SEC used its old authority to push assets onto the blockchain, and its tone loosened. After BTC broke 84k, short positions got liquidated for 700M+; the shorts bought back and propped the price up to 87k.
📍 Where things stand now: greedy but fragile
BTC is chopping around 85-86k, and ETH is near 2700. Fear/Greed 78 means the crowd is one-sidedly greedy, leverage is being stacked again. Only a pullback to 83-84k would show real support.
📍 My takeaway: when you’re greedy, keep your hands cold
A short squeeze is one-time fuel—once it’s burned out, we’ll see whether the ETF continues to flow in. I’m not chasing now; I’ll wait for the pullback. If it breaks 82k, don’t trust the breakout—watch for 85k stability before looking toward 90k.
Did your short positions get hurt and shaken out last night?
BTC ETH
People got fearful of 78, and suddenly everyone’s greedy. But that big green candle last night wasn’t retail chasing it upward—it was the shorts being forced back to buy.
📍 Why it suddenly surged: it was supposed to fall but didn’t + shorts got beaten
Rate hikes and legislative bearish news were priced in. The SEC used its old authority to push assets onto the blockchain, and its tone loosened. After BTC broke 84k, short positions got liquidated for 700M+; the shorts bought back and propped the price up to 87k.
📍 Where things stand now: greedy but fragile
BTC is chopping around 85-86k, and ETH is near 2700. Fear/Greed 78 means the crowd is one-sidedly greedy, leverage is being stacked again. Only a pullback to 83-84k would show real support.
📍 My takeaway: when you’re greedy, keep your hands cold
A short squeeze is one-time fuel—once it’s burned out, we’ll see whether the ETF continues to flow in. I’m not chasing now; I’ll wait for the pullback. If it breaks 82k, don’t trust the breakout—watch for 85k stability before looking toward 90k.
Did your short positions get hurt and shaken out last night?
BTC ETH
