The shorts who laughed at longs for catching falling knives yesterday were the first to get carried out tonight.
Liquidations across the market hit $199 million in 24 hours, with $131 million in shorts. BTC alone saw $43 million in short liquidations. The price is now $74,264, climbing from $73,209 to $74,780 today, with a $42.4 million short liquidation cluster still stacked overhead at $74,820.
Break through that, and the next cascade of squeezes begins. The shorts are lighting the fuse themselves.
But don’t pop the champagne just yet. This is shorts tripping over each other, not fresh money coming in—ETFs have seen outflows for four straight days, and a December rate hike is a 90% certainty. If $73,200 breaks, there’s another $377 million in long liquidation fuel stacked below at $72,985, waiting to get wiped out.
Pick one: A) Break $74,820 and chase the squeeze toward $75,000; B) It’s a bull trap—if $73,200 breaks, get out first.
$BTC $ETH
#比特币 #爆仓 #shorts
Liquidations across the market hit $199 million in 24 hours, with $131 million in shorts. BTC alone saw $43 million in short liquidations. The price is now $74,264, climbing from $73,209 to $74,780 today, with a $42.4 million short liquidation cluster still stacked overhead at $74,820.
Break through that, and the next cascade of squeezes begins. The shorts are lighting the fuse themselves.
But don’t pop the champagne just yet. This is shorts tripping over each other, not fresh money coming in—ETFs have seen outflows for four straight days, and a December rate hike is a 90% certainty. If $73,200 breaks, there’s another $377 million in long liquidation fuel stacked below at $72,985, waiting to get wiped out.
Pick one: A) Break $74,820 and chase the squeeze toward $75,000; B) It’s a bull trap—if $73,200 breaks, get out first.
$BTC $ETH
#比特币 #爆仓 #shorts
