$BTC & Altcoin Liquidations Are Surging
Bitcoin has gained around $3,000 since last night, but this relatively small move has triggered a major wave of liquidations.
💥 Nearly $400M in positions have been liquidated, showing that a large number of traders were still positioned for further downside.
What’s interesting is that even a small recovery after a dip is now putting heavy pressure on short positions. This could mean we see more liquidation-driven volatility if $BTC continues moving higher.
📈 My view
The broader trend still looks bullish to me, but with so many short positions in the market, short squeezes and sudden volatility could continue.
Do you think BTC is preparing for another move higher, or will the market see another pullback first?