Bitcoin Just Had a $2.26 Billion Reminder About Shorting a Bull Market 😅 Last Wednesday, roughly $2.26 billion in crypto shorts were liquidated in a single day as $BTC broke higher. Bitcoin ultimately finished the week up around 23%, while trading activity across major centralized exchanges roughly doubled. This is one of those numbers that sounds like $2.26 billion of new money suddenly bought Bitcoin, but liquidations don't really work like that. When a leveraged short reaches its liquidation level, the position has to be closed by buying back the asset. Enough shorts getting forced out at once can therefore create additional buying pressure, which pushes prices higher, hits the next group of shorts, and potentially starts the process again. That's why some of crypto's most violent rallies happen when lots of traders are positioned for prices to fall. The catalyst starts the move. The positioning can make it much bigger. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#