THE REBOUND WAS SHORTS, NOT BUYERS.
$278 million liquidated in 24 hours. BTC's share: $46.08 million — and 82.4% of that was shorts.
BTC bounced to $74,811 overnight. That move wasn't fresh demand stepping in. It was leveraged bears getting squeezed. Funding is +0.0078%, near neutral. Open interest fell 1.86%. Volume dropped 21.7%.
A rebound without volume and without new open interest is a technical cover, not a trend reversal.
BTC ETF outflows hit $299.90 million yesterday. ETH ETF outflows: $144.81 million. The institutional bid hasn't returned.
Watching if $73,000 holds on the next pullback. If it does, the flush is over. If it breaks, the short squeeze was just a pause.
$BTC $ETH
#ShortSqueeze #Liquidations #ETFOutflows #OpenInterest #MarketStructure
$278 million liquidated in 24 hours. BTC's share: $46.08 million — and 82.4% of that was shorts.
BTC bounced to $74,811 overnight. That move wasn't fresh demand stepping in. It was leveraged bears getting squeezed. Funding is +0.0078%, near neutral. Open interest fell 1.86%. Volume dropped 21.7%.
A rebound without volume and without new open interest is a technical cover, not a trend reversal.
BTC ETF outflows hit $299.90 million yesterday. ETH ETF outflows: $144.81 million. The institutional bid hasn't returned.
Watching if $73,000 holds on the next pullback. If it does, the flush is over. If it breaks, the short squeeze was just a pause.
$BTC $ETH
#ShortSqueeze #Liquidations #ETFOutflows #OpenInterest #MarketStructure
