#BitcoinHits$85K
๐จ Urgent: BITCOIN touches $85K for the first time since January! ๐จ
#BitcoinHits$85K
What just happened is insane, literally:
๐ฅ $5 billion in short positions accumulated between $83K and $85K have been liquidated!
According to Coinglass:
- $746 million liquidated in 24 hours
- $648 million of that were shorts only (95% of it short!)
- biggest single liquidation: $11.3 million on Binance
- $360 million liquidation for BTC alone
๐ Why did it fly?
The Liquidation Heatmap shows a massive green liquidity block between $84.5K and $85.5K
Every time price gets closer, shorts are forced to buyโagainst their will = they pour gasoline on the fire ๐ฅ
This is called a SHORT SQUEEZE!
๐ฏ What did analysts say in your image?
- QuantFreedom: Around $5 billion in shorts will be liquidated between 83K-85K, and this is extremely strong bullish fuel
- Alaoui Capital: $83K is the real test, with a big order here. If buyers absorb the 83K-85K supply, traders will shift their view toward 90K and even up to $1 trillion!
๐ Current situation:
- $BTC : $85,248 highest level since January 29
- $ETH +5.6% at $2,717
- $XRP +7.8% at $1.49
- $SOL +7.2% at $115
- the entire crypto market +4% to $3 trillion
Do we see $90K this week? Or does it correct back at 83K?
Share your take below ๐
$ETH $XRP $SOL #bitcoin #CryptoNews #BinanceSquare #ShortSqueeze
๐จ Urgent: BITCOIN touches $85K for the first time since January! ๐จ
#BitcoinHits$85K
What just happened is insane, literally:
๐ฅ $5 billion in short positions accumulated between $83K and $85K have been liquidated!
According to Coinglass:
- $746 million liquidated in 24 hours
- $648 million of that were shorts only (95% of it short!)
- biggest single liquidation: $11.3 million on Binance
- $360 million liquidation for BTC alone
๐ Why did it fly?
The Liquidation Heatmap shows a massive green liquidity block between $84.5K and $85.5K
Every time price gets closer, shorts are forced to buyโagainst their will = they pour gasoline on the fire ๐ฅ
This is called a SHORT SQUEEZE!
๐ฏ What did analysts say in your image?
- QuantFreedom: Around $5 billion in shorts will be liquidated between 83K-85K, and this is extremely strong bullish fuel
- Alaoui Capital: $83K is the real test, with a big order here. If buyers absorb the 83K-85K supply, traders will shift their view toward 90K and even up to $1 trillion!
๐ Current situation:
- $BTC : $85,248 highest level since January 29
- $ETH +5.6% at $2,717
- $XRP +7.8% at $1.49
- $SOL +7.2% at $115
- the entire crypto market +4% to $3 trillion
Do we see $90K this week? Or does it correct back at 83K?
Share your take below ๐
$ETH $XRP $SOL #bitcoin #CryptoNews #BinanceSquare #ShortSqueeze
