#btcrebounds80k
$BTC breaks above $80,000 again: real demand or just a short squeeze? 🔍
BTC bounced from around $75,600 on election night to around $81,100 after Democrats won majorities in both chambers. Approximately $380 million worth of short positions were liquidated in about an hour, and Unchained reports $403 million in BTC liquidations over 24 hours, 76% of them short positions.
📊 Where sources agree
• Uncertainty has faded. CoinShares says a Democratic victory in both chambers had already been largely priced in.
• Leverage did the heavy lifting.
$BTC breaks above $80,000 again: real demand or just a short squeeze? 🔍
BTC bounced from around $75,600 on election night to around $81,100 after Democrats won majorities in both chambers. Approximately $380 million worth of short positions were liquidated in about an hour, and Unchained reports $403 million in BTC liquidations over 24 hours, 76% of them short positions.
📊 Where sources agree
• Uncertainty has faded. CoinShares says a Democratic victory in both chambers had already been largely priced in.
• Leverage did the heavy lifting.
