Over $100M liquidated in the past hour as $BTC rips past $86k.
Short squeeze in full effect. Leverage getting wiped on both sides but bears getting absolutely destroyed here.
This is what happens when everyone's positioned for downside and $BTC decides to say fuck your puts. Classic degen market behavior.
Watch for the retrace—some of this is forced buying from liquidations cascading. But if we hold $86k as support? Different game entirely.
Short squeeze in full effect. Leverage getting wiped on both sides but bears getting absolutely destroyed here.
This is what happens when everyone's positioned for downside and $BTC decides to say fuck your puts. Classic degen market behavior.
Watch for the retrace—some of this is forced buying from liquidations cascading. But if we hold $86k as support? Different game entirely.