While the average retail trader is celebrating Bitcoin breaking above $86,000, professional market participants are looking at the underlying liquidations data. This massive move wasn't just driven by regular spot buyers—it was accelerated by a massive Short Squeeze.
Data from CoinGlass reveals that over $648 million in short positions were completely wiped out within a 24-hour window as BTC aggressively pushed from $82K to past $86K.
Data from CoinGlass reveals that over $648 million in short positions were completely wiped out within a 24-hour window as BTC aggressively pushed from $82K to past $86K.