$648 million: a short position was blown up in just 24 hours when $BTC officially pierced the $85,000 mark — are you holding gains, or just tasting a taste of “account burn”?
A fierce short-selling squeeze pushed $BTC to hit $85,065.8 at the time of writing. The difference this time is that the breakout has support from spot buying strength from ETF funds, while selling pressure and exchange reserves have fallen to record lows.
Technically, the $85,000 level—once a psychological resistance—has now turned into a critical support zone. The ideal scenario is for price to hold and successfully retest this level. However, with the greed index now entering extreme territory, the risk of sharp wick moves that liquidate the Long side is very high.
My view right now: absolutely don’t FOMO into large leverage at this new peak—prioritize position management and set a tight stop-loss.
In this zone, do you choose LONG or SHORT on $BTC ? Click $BTC below and let’s review the chart together! 👇
#BTC #Bitcoin #Crypto #Futures
A fierce short-selling squeeze pushed $BTC to hit $85,065.8 at the time of writing. The difference this time is that the breakout has support from spot buying strength from ETF funds, while selling pressure and exchange reserves have fallen to record lows.
Technically, the $85,000 level—once a psychological resistance—has now turned into a critical support zone. The ideal scenario is for price to hold and successfully retest this level. However, with the greed index now entering extreme territory, the risk of sharp wick moves that liquidate the Long side is very high.
My view right now: absolutely don’t FOMO into large leverage at this new peak—prioritize position management and set a tight stop-loss.
In this zone, do you choose LONG or SHORT on $BTC ? Click $BTC below and let’s review the chart together! 👇
#BTC #Bitcoin #Crypto #Futures
