Bitcoin moved back above $80,000, triggering a wave of liquidations across the market.
Over $300M+ in leveraged positions were wiped out in 24h, with most losses coming from short traders caught in the move.
The rally appears driven more by positioning (overcrowded shorts + leverage) than a single fundamental catalyst.
Altcoins followed BTC higher, but the main damage was in derivatives.
Classic short squeeze or start of a real breakout? Hard to tell yet
https://i.redd.it/y59m13d9pazg1.jpeg
Posted by ChangeNOW_Community
4 Comments
trap
Don’t just look at the price, look at the netflows!! For example, here: [https://flowwatch.coinator.eu/](https://flowwatch.coinator.eu/)
Shorts got punished hard again
Can some one explain eli5? Happy to learn