The short positions that have been held back for half a year were today forcibly closed after being kicked by Bitcoin straight up to above 85,000. #比特币突破8.5万美元 #欧洲央行启动区块链欧元结算 #Solana目标出块时间降至250毫秒
Bitcoin ( $BTC ) is back above $85,000—first time since January. In the past 24 hours, it’s up 5.59%. What truly set the pace is the $648 million short position that was forcibly liquidated. The total liquidation across the entire market for the day was $750 million. This isn’t a bull rally—this is the shorts lifting themselves onto the sedan.
My view is very simple: the fuel for this move is crowded short positions, not new money relocating. The evidence is in the market structure: most of the positions that got liquidated didn’t really leave— they just switched from being short to becoming spot holders. That’s why the major coins rally broadly, but no one leads independently. Ethereum ( $ETH ) is currently at $2,721, up 5.63% in a day; BNB is at $789, up 4.94%. Put those three numbers side by side and it shows the money hasn’t gone anywhere—it’s just changed its spot.
I also specifically checked the order book of $BNB : it’s up nearly 5%, but the discussion volume is rather quiet. This kind of move usually means big capital doesn’t like to make noise. The long-time Dogecoin fans from the old “Ma Ge” crowd probably feel it most today: the market is always like this—first crush the shorts, then crush the also-rans.
Tonight I’ll watch one point: whether Ethereum can hold above 2,800 at the close. If it can, the next range won’t be just wishful talk; if it can’t, then this move is only the fireworks released by short covering.
🐶 Come take a look at Ma Ge’s #小狗 ✨🚀
Bitcoin ( $BTC ) is back above $85,000—first time since January. In the past 24 hours, it’s up 5.59%. What truly set the pace is the $648 million short position that was forcibly liquidated. The total liquidation across the entire market for the day was $750 million. This isn’t a bull rally—this is the shorts lifting themselves onto the sedan.
My view is very simple: the fuel for this move is crowded short positions, not new money relocating. The evidence is in the market structure: most of the positions that got liquidated didn’t really leave— they just switched from being short to becoming spot holders. That’s why the major coins rally broadly, but no one leads independently. Ethereum ( $ETH ) is currently at $2,721, up 5.63% in a day; BNB is at $789, up 4.94%. Put those three numbers side by side and it shows the money hasn’t gone anywhere—it’s just changed its spot.
I also specifically checked the order book of $BNB : it’s up nearly 5%, but the discussion volume is rather quiet. This kind of move usually means big capital doesn’t like to make noise. The long-time Dogecoin fans from the old “Ma Ge” crowd probably feel it most today: the market is always like this—first crush the shorts, then crush the also-rans.
Tonight I’ll watch one point: whether Ethereum can hold above 2,800 at the close. If it can, the next range won’t be just wishful talk; if it can’t, then this move is only the fireworks released by short covering.
🐶 Come take a look at Ma Ge’s #小狗 ✨🚀
