#btcrebounds80k
Bitcoin climbs back above $80,000: genuine demand or just a short squeeze? 🔍
BTC rebounded from around $75,600 on election night to around $81,100 after the Democrats won both chambers. Around $380 million in short positions were liquidated in one hour, and Unchained recorded $403 million in BTC liquidations over 24 hours, 76% of them short positions.
📊 Where sources agree
• Uncertainty has lifted. According to CoinShares, a Democratic victory had largely already been priced in.
• Leverage did most of the work.
⚠️ Where sources disagree
Some creators are talking about heavy spot buying. Bitfinex says recent gains are mostly due to short covering. Spot ETFs still saw $115.6 million in outflows on November 3, and only around 353,000 BTC were acquired between $75,000 and $77,000, meaning support is weak.
🎯 The levels I’m watching
• Holding: retest of $79,200–$80,200
• Upside: $81,000, then $82,000
• Risk: daily close below $76,000
A short squeeze can trigger a rapid move, but spot demand needs to persist. CPI data will be the next test.
Are you getting in on this move, or waiting for confirmation? 👇
This is not financial advice. Do your own research.
$APP
$LYN
$FOGO
Bitcoin climbs back above $80,000: genuine demand or just a short squeeze? 🔍
BTC rebounded from around $75,600 on election night to around $81,100 after the Democrats won both chambers. Around $380 million in short positions were liquidated in one hour, and Unchained recorded $403 million in BTC liquidations over 24 hours, 76% of them short positions.
📊 Where sources agree
• Uncertainty has lifted. According to CoinShares, a Democratic victory had largely already been priced in.
• Leverage did most of the work.
⚠️ Where sources disagree
Some creators are talking about heavy spot buying. Bitfinex says recent gains are mostly due to short covering. Spot ETFs still saw $115.6 million in outflows on November 3, and only around 353,000 BTC were acquired between $75,000 and $77,000, meaning support is weak.
🎯 The levels I’m watching
• Holding: retest of $79,200–$80,200
• Upside: $81,000, then $82,000
• Risk: daily close below $76,000
A short squeeze can trigger a rapid move, but spot demand needs to persist. CPI data will be the next test.
Are you getting in on this move, or waiting for confirmation? 👇
This is not financial advice. Do your own research.
$APP
$LYN
$FOGO
