Bitcoin just liquidated $1 BILLION in 24 hours — and this time, the shorts paid most of it.
BTC jumped back above $80,000 on Nov 4, up ~4.2% to $80,404 after falling to $75,695 a day earlier. The snap-back wiped out $406M in BTC positions — 76% of them shorts. Over 134,500 traders liquidated in a single day (CoinGlass).
Glassnode calls it a "healthier reset": in early October, 97.6% of short-term holders were in profit. Now only 38% are. The market is far less stretched — and the next big short cluster sits around $87,000.
Takeaway: this week punished the overconfident on BOTH sides. Fear sells, levels don't lie.
Did you expect $80K back this fast — or were you waiting for lower? 👇
#Bitcoin #BNB #Crypto
BTC jumped back above $80,000 on Nov 4, up ~4.2% to $80,404 after falling to $75,695 a day earlier. The snap-back wiped out $406M in BTC positions — 76% of them shorts. Over 134,500 traders liquidated in a single day (CoinGlass).
Glassnode calls it a "healthier reset": in early October, 97.6% of short-term holders were in profit. Now only 38% are. The market is far less stretched — and the next big short cluster sits around $87,000.
Takeaway: this week punished the overconfident on BOTH sides. Fear sells, levels don't lie.
Did you expect $80K back this fast — or were you waiting for lower? 👇
#Bitcoin #BNB #Crypto