$BTC It climbed from 75,736 to 80,000 overnight, peaking at 81,196—a 4.5% gain in 24 hours.
This wasn’t a gradual rise; it was a short squeeze. CoinGlass data shows that $823 million in positions were liquidated across the market over the past 24 hours, with shorts accounting for 62%. BTC alone saw $407 million liquidated, 76% of which were short positions.
As results from the U.S. midterm elections came in, crypto rose alongside U.S. stocks. It was still hovering around 76,000 yesterday morning, then surged above 80,000 that evening, sweeping out a bunch of short positions along the way.
My take: don’t be too quick to call a rally fueled by liquidations a trend. Now that most of the shorts have been cleared out, the next thing to watch is whether real money comes in to buy. The 81,000–82,000 range above is an area that saw repeated trading before. I won’t chase it unless it can hold above that range. Below, I’m watching the November 2 high of 78,878. If it can hold on a retest, then this rally will have found its footing.
Also, $ETH 24 hours, ETH is up 7% and now at 2,427—outperforming BTC.
Did you buy the dip yesterday, or did this move shake you out?
#BTC走势分析 #Bitcoin
This is not investment advice. Manage your position size yourself.
This wasn’t a gradual rise; it was a short squeeze. CoinGlass data shows that $823 million in positions were liquidated across the market over the past 24 hours, with shorts accounting for 62%. BTC alone saw $407 million liquidated, 76% of which were short positions.
As results from the U.S. midterm elections came in, crypto rose alongside U.S. stocks. It was still hovering around 76,000 yesterday morning, then surged above 80,000 that evening, sweeping out a bunch of short positions along the way.
My take: don’t be too quick to call a rally fueled by liquidations a trend. Now that most of the shorts have been cleared out, the next thing to watch is whether real money comes in to buy. The 81,000–82,000 range above is an area that saw repeated trading before. I won’t chase it unless it can hold above that range. Below, I’m watching the November 2 high of 78,878. If it can hold on a retest, then this rally will have found its footing.
Also, $ETH 24 hours, ETH is up 7% and now at 2,427—outperforming BTC.
Did you buy the dip yesterday, or did this move shake you out?
#BTC走势分析 #Bitcoin
This is not investment advice. Manage your position size yourself.
