This isn’t a trend—it’s a liquidation order book where the shorts haven’t admitted they’re wrong even after being squeezed out. $BTC is now 77185; over the past 24h it’s barely moved either way. The funding rate is still +0.01%, but the futures-to-spot trading volume ratio has reached 7.9x—there’s a heavy scent of back-and-forth mutual liquidation.
I didn’t chase. I only placed a 3% short order above 77200, with a stop-loss at 78850. If it bounces back to 76500, I’ll exit. X says it wants to use stablecoins to pay creators—nice-sounding narrative. Of course it’s also normal for the market to sacrifice the shorts first on the chart. Let this squeeze breathe out first, then we’ll talk. If you lose money, don’t cue me. $BTC #BTC
I didn’t chase. I only placed a 3% short order above 77200, with a stop-loss at 78850. If it bounces back to 76500, I’ll exit. X says it wants to use stablecoins to pay creators—nice-sounding narrative. Of course it’s also normal for the market to sacrifice the shorts first on the chart. Let this squeeze breathe out first, then we’ll talk. If you lose money, don’t cue me. $BTC #BTC