PHE SHORT JUST GOT "LIQUIDATED" FOR MORE THAN $180M: DOES $BTC HOLD THIS MOMENTUM? 📉🚀
Looking at the past 24h chart, the bears truly had a nightmare day:
• Over $190 million in derivatives positions were liquidated in an instant.
• Shorts had no choice but to cut losses when $BTC snapped back upward.
• BlackRock and ETF funds immediately moved to accumulate net buys again to support the price.
But don’t get too excited yet: Spot trading volume still hasn’t surged strongly, and institutional capital remains extremely cautious, probing after recent macro news from the Fed.
Looking at the past 24h chart, the bears truly had a nightmare day:
• Over $190 million in derivatives positions were liquidated in an instant.
• Shorts had no choice but to cut losses when $BTC snapped back upward.
• BlackRock and ETF funds immediately moved to accumulate net buys again to support the price.
But don’t get too excited yet: Spot trading volume still hasn’t surged strongly, and institutional capital remains extremely cautious, probing after recent macro news from the Fed.
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