Bears are getting a little too comfortable right now, and the heat map is showing exactly where they are hiding.
There is a beautifully concentrated cluster of short liquidations built up right below the $81K mark.
It is essentially sitting there like a giant barrel of gunpowder just waiting for a spark.
If Bitcoin
$BTC can catch just a little bit of momentum and rally into that zone, we are going to see a classic, violent short squeeze.
That forced buying pressure could easily catapult us back toward the local highs, and potentially way beyond.
This is exactly why you never over-leverage a short in a macro uptrend.
The market loves to squeeze late shorters to fuel the next leg up. Watch that $81K trigger closely.
#ShortSqueeze #Bitcoin #BTC