This rally is starting to look more and more like a short squeeze
Today, $BTC climbed from 73,000 to 79,000 without stopping for eight straight hours. Each hourly candle is a small bullish move creeping higher—there’s basically no pullback at all.
Looks pretty, right? Let me tell you what this is—this is a forced liquidation. The shorts have been crushed all the way. Each small bullish candle forces them to close, and the orders closing by the shorts then push the price even higher.
Here’s the proof: BTC is up 8 points, while ETH is only up 5 points. All the money is shoved into the big one, and not a single alt is keeping up. A real bull market lifts everyone together—not a solo performance by the big one.
Now look at volume. Up 8% on only this amount of trading activity shows that big money hasn’t actually stepped in. What you’re seeing is just an illusion propped up by short covering.
The most dangerous part is that the comments section is starting to spam “bull is here” again. Remember—when retail traders are collectively excited, that’s the day the whales are preparing to leave.
I’m not going to tell you to buy or sell. Just this: at the 78,000 level, before you rush in, think clearly—are you bottom-fishing, or are you coming to be the one left holding the bag?
Follow me. When this string snaps, I’ll call it early. #比特币两个月来首破7万美元
Today, $BTC climbed from 73,000 to 79,000 without stopping for eight straight hours. Each hourly candle is a small bullish move creeping higher—there’s basically no pullback at all.
Looks pretty, right? Let me tell you what this is—this is a forced liquidation. The shorts have been crushed all the way. Each small bullish candle forces them to close, and the orders closing by the shorts then push the price even higher.
Here’s the proof: BTC is up 8 points, while ETH is only up 5 points. All the money is shoved into the big one, and not a single alt is keeping up. A real bull market lifts everyone together—not a solo performance by the big one.
Now look at volume. Up 8% on only this amount of trading activity shows that big money hasn’t actually stepped in. What you’re seeing is just an illusion propped up by short covering.
The most dangerous part is that the comments section is starting to spam “bull is here” again. Remember—when retail traders are collectively excited, that’s the day the whales are preparing to leave.
I’m not going to tell you to buy or sell. Just this: at the 78,000 level, before you rush in, think clearly—are you bottom-fishing, or are you coming to be the one left holding the bag?
Follow me. When this string snaps, I’ll call it early. #比特币两个月来首破7万美元