The short sellers have really been pinned to the ground and rubbed—over 12 hours they blew up $758 million. The main surge came from the short side; BTC was pushed straight up to 77,848. This bullish candle swept away all the lingering hesitation before it.
What I’m watching is something else—the “set 10 big targets first” short position from that giant whale. It’s already showing an unrealized loss of over $10 million and they still haven’t closed it. Positions like this—holding through that kind of drawdown—either means there’s real hedging, or they’re just stubbornly playing out of spite. In my experience, if a short with that massive unrealized loss doesn’t get liquidated, the rally won’t be easy to stop.
In the past three days, the ETF saw net inflows of 1.3 billion. MSTR also jumped another 11% before the open. Traditional capital and crypto longs are syncing up. This isn’t now about whether BTC can hold the 78k level—it’s about whether people step in during the pullback. If that 75k zone doesn’t get broken on the test, then the next leg is basically a whole new sky.
BNB is also up to 673. Even though this altcoin run has an overall bearish tilt in the breadth indicators, as long as BTC holds sideways, the laggards that catch up will show up one by one. Don’t chase—wait for that pullback.
If you have a different take, just talk it out—don’t be stiff.
What I’m watching is something else—the “set 10 big targets first” short position from that giant whale. It’s already showing an unrealized loss of over $10 million and they still haven’t closed it. Positions like this—holding through that kind of drawdown—either means there’s real hedging, or they’re just stubbornly playing out of spite. In my experience, if a short with that massive unrealized loss doesn’t get liquidated, the rally won’t be easy to stop.
In the past three days, the ETF saw net inflows of 1.3 billion. MSTR also jumped another 11% before the open. Traditional capital and crypto longs are syncing up. This isn’t now about whether BTC can hold the 78k level—it’s about whether people step in during the pullback. If that 75k zone doesn’t get broken on the test, then the next leg is basically a whole new sky.
BNB is also up to 673. Even though this altcoin run has an overall bearish tilt in the breadth indicators, as long as BTC holds sideways, the laggards that catch up will show up one by one. Don’t chase—wait for that pullback.
If you have a different take, just talk it out—don’t be stiff.