BEARS JUST GOT DESTROYED.
$BTC shorts got liquidated for over $2.7B as price ripped above $70K.
A lot of traders caught on the wrong side.
This is exactly why leverage matters.
When positioning becomes too one-sided, the market doesn't need much fuel to trigger a violent move in the opposite direction.
$BTC didn't just move higher — it forced billions in bearish bets to unwind.
Now the question:
Was this the start of the next leg higher... or did the market just flush out excessive leverage before the next battle?
Watching how price reacts around $70K closely.
$BTC shorts got liquidated for over $2.7B as price ripped above $70K.
A lot of traders caught on the wrong side.
This is exactly why leverage matters.
When positioning becomes too one-sided, the market doesn't need much fuel to trigger a violent move in the opposite direction.
$BTC didn't just move higher — it forced billions in bearish bets to unwind.
Now the question:
Was this the start of the next leg higher... or did the market just flush out excessive leverage before the next battle?
Watching how price reacts around $70K closely.