$BTC just punched through $84k for the first time since late January.
What happened? A classic short squeeze. $260 million in leveraged shorts got liquidated in under an hour.
When you see price action this violent, it's not retail buying spot—it's forced liquidations creating a cascade. Shorts betting against the move get margin called, which forces them to buy, which pushes price higher, which liquidates more shorts.
This is how crypto moves when leverage is high. The question now: is this the start of a sustained move higher, or just a violent relief rally that traps latecomers?
Watch how it holds above $84k. If it consolidates here, momentum could build. If it immediately fades, it was just a squeeze.
What happened? A classic short squeeze. $260 million in leveraged shorts got liquidated in under an hour.
When you see price action this violent, it's not retail buying spot—it's forced liquidations creating a cascade. Shorts betting against the move get margin called, which forces them to buy, which pushes price higher, which liquidates more shorts.
This is how crypto moves when leverage is high. The question now: is this the start of a sustained move higher, or just a violent relief rally that traps latecomers?
Watch how it holds above $84k. If it consolidates here, momentum could build. If it immediately fades, it was just a squeeze.
