Why is nobody talking about the $400 million liquidation wave that a simple $3,000 $BTC bounce just caused?
Traders keep getting liquidated on these moves because they refuse to accept that the downtrend bets are getting crushed. It's a painful cycle of watching accounts get wiped when the market does the opposite of what the crowd expects.
Since last night Bitcoin has risen only $3,000, but that tiny pump flushed out nearly half a billion dollars in positions across $BTC , $ETH and $SOL . The scale of it proves a lot of people are still heavily short, waiting for the drop that hasn't come.
Every minor dip followed by a rally is triggering these cascades. I see it as a real-world case of the market squeezing out the remaining bears, and the overall trend still looks upward from here.
Where do you think this goes from here if the shorts keep getting hit like this?
#Bitcoin #Liquidations #CryptoTrading
Traders keep getting liquidated on these moves because they refuse to accept that the downtrend bets are getting crushed. It's a painful cycle of watching accounts get wiped when the market does the opposite of what the crowd expects.
Since last night Bitcoin has risen only $3,000, but that tiny pump flushed out nearly half a billion dollars in positions across $BTC , $ETH and $SOL . The scale of it proves a lot of people are still heavily short, waiting for the drop that hasn't come.
Every minor dip followed by a rally is triggering these cascades. I see it as a real-world case of the market squeezing out the remaining bears, and the overall trend still looks upward from here.
Where do you think this goes from here if the shorts keep getting hit like this?
#Bitcoin #Liquidations #CryptoTrading
