The picture for liquidations right now is quite interesting. Over the past 24 hours, around $531 million was squeezed out; at the same time, the lion’s share came from shorts — $470 million versus $60 million for longs. That means there are noticeably more short-sellers in the market, and with a sharp move upward, they could start getting massively squeezed.

So I would carefully watch the movement of $BTC — if we start reclaiming levels above it, we could get a good short squeeze and a fairly sharp upward impulse 🚀