If you're still shorting $BTC after this move, stop now.
Getting caught on the wrong side has wiped out accounts as the rally accelerated. Traders who didn't exit shorts or who now FOMO in at the highs are feeling the sting of missed timing.
Bitcoin just crossed $84,000, its highest since January 31. More than $600 million in liquidations hit in 24 hours, with $BTC responsible for $339 million of them.
It closed the week above the 50-week moving average for the first time in 45 weeks. Bears point to ongoing macro risks, geopolitics and Fed policy as reasons this could reverse with high volatility.
I think the bulls have it right this time. The squeeze indicates strong demand that could lift $ETH and $SOL along with $BTC into a new phase.
What's your take, breakout or another fakeout?
#Bitcoin #ShortSqueeze #Crypto
Getting caught on the wrong side has wiped out accounts as the rally accelerated. Traders who didn't exit shorts or who now FOMO in at the highs are feeling the sting of missed timing.
Bitcoin just crossed $84,000, its highest since January 31. More than $600 million in liquidations hit in 24 hours, with $BTC responsible for $339 million of them.
It closed the week above the 50-week moving average for the first time in 45 weeks. Bears point to ongoing macro risks, geopolitics and Fed policy as reasons this could reverse with high volatility.
I think the bulls have it right this time. The squeeze indicates strong demand that could lift $ETH and $SOL along with $BTC into a new phase.
What's your take, breakout or another fakeout?
#Bitcoin #ShortSqueeze #Crypto
