Guys! U.S. October nonfarm payrolls smashed expectations, sending December rate-hike bets through the roof! Hyperliquid whales are piling into massive shorts!
At their highest level since October 2025, net shorts are nearly twice the size of longs! Spot ETFs are still seeing massive outflows, and macro selling pressure is firmly weighing on the market. On the surface, going long looks like asking for trouble!
But! I’m going to offer a different perspective.
$BTC 🔥 73K is the key structural support in this cycle! 75K is the first line of defense. If it breaks in the short term, price could quickly test 74K. But there’s been consistent buying support below 73K, so don’t blindly go all-in bearish!
Here’s the reasoning: bears are positioning aggressively, but the market isn’t extremely crowded yet. Funding rates haven’t reached an extreme either. If price holds between 73K and 75K and climbs back above 76K, the stacked shorts could be liquidated one after another—and a sharp short squeeze could happen in a flash! ETF outflows and macro headwinds are real, but don’t underestimate the explosive squeeze potential in the futures market!
✅ My trading plan: 👉 Test longs in small batches between 74K and 73.2K, with a tight stop-loss below 72.8K. 👉 Aggressive traders can try a small long position near 75K.
⚠️ Two key levels: 🔴 A decisive break below 73K on heavy volume → bearish thesis confirmed; exit immediately. 🟢 Hold above 73K and break above 76K on heavy volume → squeeze begins; first targets are 77.5K–78.5K.
At their highest level since October 2025, net shorts are nearly twice the size of longs! Spot ETFs are still seeing massive outflows, and macro selling pressure is firmly weighing on the market. On the surface, going long looks like asking for trouble!
But! I’m going to offer a different perspective.
$BTC 🔥 73K is the key structural support in this cycle! 75K is the first line of defense. If it breaks in the short term, price could quickly test 74K. But there’s been consistent buying support below 73K, so don’t blindly go all-in bearish!
Here’s the reasoning: bears are positioning aggressively, but the market isn’t extremely crowded yet. Funding rates haven’t reached an extreme either. If price holds between 73K and 75K and climbs back above 76K, the stacked shorts could be liquidated one after another—and a sharp short squeeze could happen in a flash! ETF outflows and macro headwinds are real, but don’t underestimate the explosive squeeze potential in the futures market!
✅ My trading plan: 👉 Test longs in small batches between 74K and 73.2K, with a tight stop-loss below 72.8K. 👉 Aggressive traders can try a small long position near 75K.
⚠️ Two key levels: 🔴 A decisive break below 73K on heavy volume → bearish thesis confirmed; exit immediately. 🟢 Hold above 73K and break above 76K on heavy volume → squeeze begins; first targets are 77.5K–78.5K.
