Shorts betting that BTC would fail to hold above $80,000 were the ones hit hardest in the past 24 hours.
The facts: total liquidations over 24 hours were around $149 million (CoinGlass data via ChainCatcher, Oct. 28) — $99.93 million in shorts versus $48.61 million in longs. ETH led: $30.02 million in shorts vs. $6.59 million in longs; BTC saw $25.78 million in shorts vs. $8.32 million in longs.
My take: this is the opposite of Oct. 26, when $118 million in longs were wiped out. Now it’s the shorts’ turn to get squeezed as BTC moves back above $80,000 (around $80,946 this morning) and ETH sits around $2,358. This isn’t euphoria — it’s forced closure of wrongly positioned trades, and ETH is feeling the squeeze most.
What I’m watching: whether BTC can stay above $80,000 until the Fed decision on Oct. 29 at 01:00 WIB. If it fails to hold, this story could flip into the next long liquidation sweep.
What do you think: does this short squeeze clear the way upward, or is it a trap before the Fed?
This is my analysis, not financial advice — always DYOR.
#Likuidasi #ShortSqueeze $BTC $ETH
The facts: total liquidations over 24 hours were around $149 million (CoinGlass data via ChainCatcher, Oct. 28) — $99.93 million in shorts versus $48.61 million in longs. ETH led: $30.02 million in shorts vs. $6.59 million in longs; BTC saw $25.78 million in shorts vs. $8.32 million in longs.
My take: this is the opposite of Oct. 26, when $118 million in longs were wiped out. Now it’s the shorts’ turn to get squeezed as BTC moves back above $80,000 (around $80,946 this morning) and ETH sits around $2,358. This isn’t euphoria — it’s forced closure of wrongly positioned trades, and ETH is feeling the squeeze most.
What I’m watching: whether BTC can stay above $80,000 until the Fed decision on Oct. 29 at 01:00 WIB. If it fails to hold, this story could flip into the next long liquidation sweep.
What do you think: does this short squeeze clear the way upward, or is it a trap before the Fed?
This is my analysis, not financial advice — always DYOR.
#Likuidasi #ShortSqueeze $BTC $ETH