🚨🚨 BITCOIN JUST SHORT-SQUEEZED THE BEARS INTO OBLIVION! 🐻💀
BTC ripped from ~$62K toward $80K… BUT HERE’S THE WILD PART:
📉 Futures Open Interest collapsed
📉 645K
$BTC → ~588K
$BTC 🔥 Billions in shorts got liquidated
🚀 BTC still pushed higher
This wasn’t a leverage-fueled long frenzy.
THE BEARS WERE FORCED TO BUY. 😈
And funding rates are still below 10% 👀
That means the market isn’t showing extreme long-side euphoria yet.
Even crazier:
🧨 Crypto-margined OI hit an ALL-TIME LOW
💵 Cash-margined futures now dominate
Less leverage.
Less forced selling risk.
Potentially HEALTHIER price action.
Bitcoin didn’t just pump…
IT LIQUIDATED THE PEOPLE BETTING AGAINST IT. 🔥
$BTC #bitcoin #BTC
#crypto #BitcoinNews #ShortSqueeze