$BTC just ripped $2,400 higher in an hour, wiping out $53M in short positions. Classic squeeze.
$ETH back above $2,400 too.
Short-term volatility like this usually means either:
1. Overleveraged positions getting flushed
2. Macro news hitting (Fed pivot rumors, ETF inflows, geopolitical shifts)
3. Whale games before a bigger move
Watch funding rates and open interest next. If longs pile in here chasing momentum, we might see the reverse move just as fast.
$ETH back above $2,400 too.
Short-term volatility like this usually means either:
1. Overleveraged positions getting flushed
2. Macro news hitting (Fed pivot rumors, ETF inflows, geopolitical shifts)
3. Whale games before a bigger move
Watch funding rates and open interest next. If longs pile in here chasing momentum, we might see the reverse move just as fast.