BCH and XRP have more identifiable narratives behind their moves, while the broader market rally was heavily amplified by the $844M in short liquidations.
notes that liquidations have already cooled sharply, meaning the next leg needs actual buyers rather than shorts being forced out.
For me, the confirmation is simple, watch what happens after the liquidation pressure disappears. If volume and spot demand remain strong, the move has a better foundation. If price stalls once shorts are cleared, it was largely a squeeze.
NEAR is particularly interesting because its recent move also coincided with heavy short liquidations.
So I wouldn’t call any of these moves “real” or “fake” yet, the post-squeeze price action is the test.
#BTC Price Analysis# #Altcoin Season# $XRP $NEAR
notes that liquidations have already cooled sharply, meaning the next leg needs actual buyers rather than shorts being forced out.
For me, the confirmation is simple, watch what happens after the liquidation pressure disappears. If volume and spot demand remain strong, the move has a better foundation. If price stalls once shorts are cleared, it was largely a squeeze.
NEAR is particularly interesting because its recent move also coincided with heavy short liquidations.
So I wouldn’t call any of these moves “real” or “fake” yet, the post-squeeze price action is the test.
#BTC Price Analysis# #Altcoin Season# $XRP $NEAR
