Bitcoin has broken through the $97,000 USD mark. This is a noteworthy moment because in the past 24 hours, the system has liquidated nearly $700 million USD in leveraged short positions. Traders were overly greedy with their credit levels, and when the price surged, cascade liquidation occurred immediately. This indicates that capital is still trying to push Bitcoin higher, while also removing overly defensive positions from short-term profit takers.

BTC-0,92%
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ForkItAllDayvip
· 19h ago
It's time for liquidation again, and the shorts got wiped out happily.
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APY追逐者vip
· 19h ago
Another short squeeze liquidation show, serves you right
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GhostInTheChainvip
· 19h ago
It's the same old story of a short position being liquidated. This time, 700 million dollars are gone.
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TokenTaxonomistvip
· 19h ago
actually the 700m short squeeze is textbook predatory liquidity hunting... let me pull up my spreadsheet real quick, but statistically speaking this volatility pattern screams systematic risk accumulation before the next shakeout
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AltcoinHuntervip
· 19h ago
700 million dollars worth of shorts were easily squeezed out. This time really is different, brother.
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WhaleWatchervip
· 19h ago
The short positions got liquidated again. This round of liquidation feels great.
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EternalMinervip
· 19h ago
$700 million liquidation, this is the true portrayal of the crypto world.
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