๐ฅ $2.7 BILLION IN BEARISH BETS WIPED OUT
This BTC/ETH move is a perfect reminder of why leverage can be brutal.
The recent rally triggered a huge wave of short liquidations as Bitcoin pushed above $70K and Ethereum exploded higher.
And here's the interesting partโฆ
When shorts get liquidated, those positions can be force-closed โ creating additional buying pressure.
That can turn:
๐ Breakout โ
๐ฅ Short squeeze โ
๐ More liquidations โ
๐ Even faster move
But there's another side to it.
After a violent move, volatility can work BOTH ways.
So I'm watching whether BTC can actually establish the $70K area as support instead of simply celebrating the breakout.
The question now:
๐ Would you buy BTC here, or wait for a pullback/retest?
No FOMO. No guaranteed predictions.
Just watching the market.
$BTC $ETH
#Bitcoin #CryptoMarket #ShortSqueeze #Trading #CryptoTrading #BinanceSquare
This BTC/ETH move is a perfect reminder of why leverage can be brutal.
The recent rally triggered a huge wave of short liquidations as Bitcoin pushed above $70K and Ethereum exploded higher.
And here's the interesting partโฆ
When shorts get liquidated, those positions can be force-closed โ creating additional buying pressure.
That can turn:
๐ Breakout โ
๐ฅ Short squeeze โ
๐ More liquidations โ
๐ Even faster move
But there's another side to it.
After a violent move, volatility can work BOTH ways.
So I'm watching whether BTC can actually establish the $70K area as support instead of simply celebrating the breakout.
The question now:
๐ Would you buy BTC here, or wait for a pullback/retest?
No FOMO. No guaranteed predictions.
Just watching the market.
$BTC $ETH
#Bitcoin #CryptoMarket #ShortSqueeze #Trading #CryptoTrading #BinanceSquare