$BTC
Shorts got rekt pretty fast.
Earlier today shorts pushed aggressive and drove price lower. Since then price bounced while CVD climbed and OI retraced most of what built up during the session.
Pretty much all the shorts opened today either closed or got liquidated. That's what drove price higher — not demand, just short covering.
No real bid underneath, just forced exits squeezing price up.
Shorts got rekt pretty fast.
Earlier today shorts pushed aggressive and drove price lower. Since then price bounced while CVD climbed and OI retraced most of what built up during the session.
Pretty much all the shorts opened today either closed or got liquidated. That's what drove price higher — not demand, just short covering.
No real bid underneath, just forced exits squeezing price up.
