everyone thinks this pump is just organic buying but actually a big part of it is shorts getting blown out.
ngl fading a squeeze like this is how a lot of traders lose money fast. you short what looks like a top and the liquidations just keep coming.
this last move is a textbook case. about 80% of the losses came from shorts so those forced buybacks amplified an already-rising market.
it really accelerated $btc and lifted $eth and $sol right along with it. composition of who is getting rekt matters more than people admit ser.
when the shorts are eating most of the pain it just creates more buy pressure and the loop can run longer than you expect.
anyone else seeing these short squeezes keep catching people?
#bitcoin #altcoins #liquidation
ngl fading a squeeze like this is how a lot of traders lose money fast. you short what looks like a top and the liquidations just keep coming.
this last move is a textbook case. about 80% of the losses came from shorts so those forced buybacks amplified an already-rising market.
it really accelerated $btc and lifted $eth and $sol right along with it. composition of who is getting rekt matters more than people admit ser.
when the shorts are eating most of the pain it just creates more buy pressure and the loop can run longer than you expect.
anyone else seeing these short squeezes keep catching people?
#bitcoin #altcoins #liquidation
