SHORTS ARE GETTING SQUEEZED
The last 24H liquidation data shows heavy pressure on bearish positions:
đ” $BTC : $58.86M liquidated | 71.93% shorts
đ” $ETH : $96.29M liquidated | 82.51% shorts
đ” $SOL : $11.93M liquidated | 84.69% shorts
The recent upside move has forced a large number of short positions to close.
When shorts get liquidated, that forced buying can add fuel to the move.
Now the key question:
Can spot demand keep the momentum going after the squeeze?
#CryptoCapReclaims28T
The last 24H liquidation data shows heavy pressure on bearish positions:
đ” $BTC : $58.86M liquidated | 71.93% shorts
đ” $ETH : $96.29M liquidated | 82.51% shorts
đ” $SOL : $11.93M liquidated | 84.69% shorts
The recent upside move has forced a large number of short positions to close.
When shorts get liquidated, that forced buying can add fuel to the move.
Now the key question:
Can spot demand keep the momentum going after the squeeze?
#CryptoCapReclaims28T