🚨 $BTC is back at a level that could define its next move
Bitcoin has reclaimed $85,000 and briefly pushed above $87,000 today, reaching one of its highest levels since January. (theblock.co)
But there’s another number that stands out 👇
💥 More than $746M in leveraged positions were liquidated over the past 24 hours, including roughly $648M in short positions. (coindesk.com)
That means a significant part of the move was fueled by short sellers being forced to close their positions.
Now comes the interesting part:
Can $BTC hold above this breakout zone, or will we see a pullback after the short squeeze?
📊 I’m watching how price reacts after this move rather than chasing the rally.
Are you watching $BTC for Spot or Futures?$
#Bitcoin #BTCPerpetual #ETHPerpetual
Bitcoin has reclaimed $85,000 and briefly pushed above $87,000 today, reaching one of its highest levels since January. (theblock.co)
But there’s another number that stands out 👇
💥 More than $746M in leveraged positions were liquidated over the past 24 hours, including roughly $648M in short positions. (coindesk.com)
That means a significant part of the move was fueled by short sellers being forced to close their positions.
Now comes the interesting part:
Can $BTC hold above this breakout zone, or will we see a pullback after the short squeeze?
📊 I’m watching how price reacts after this move rather than chasing the rally.
Are you watching $BTC for Spot or Futures?$
#Bitcoin #BTCPerpetual #ETHPerpetual
