🚨 Bitcoin hits $87,000: $108.8 million in shorts liquidated in one hour
Bitcoin broke above $87,000 on Monday, marking a new high since January
The move triggered a massive wave of liquidations: around $108.8 million in short positions were forced to close in just one hour, according to reported data
When short sellers are liquidated, their positions are automatically closed, creating forced buying that can accelerate the upside
However, a short squeeze does not automatically mean that a new bullish trend has started. The next step is to see whether BTC can hold above $85,000–$87,000 with real spot demand and sustained volume
#BTC #Bull
Bitcoin broke above $87,000 on Monday, marking a new high since January
The move triggered a massive wave of liquidations: around $108.8 million in short positions were forced to close in just one hour, according to reported data
When short sellers are liquidated, their positions are automatically closed, creating forced buying that can accelerate the upside
However, a short squeeze does not automatically mean that a new bullish trend has started. The next step is to see whether BTC can hold above $85,000–$87,000 with real spot demand and sustained volume
#BTC #Bull
