$USDC ¡Liquidated Bears! $2.28K in short liquidations at $600.93!
The Binance Coin $BNB market has turned into a nightmare for short sellers,
as bearish positions worth $2,283.50 were liquidated at $600.93! Traders who bet against BNB, expecting a rejection, were caught off guard,
as a powerful surge triggered a short squeeze, sending the price even higher!
What just happened?
BNB bears miscalculated, expecting a drop—but instead,
the market exploded upward! As price action gained momentum, short positions were forcefully liquidated,
triggering automatic buy orders that fueled a massive upward spike! This created a chain reaction,
taking BNB beyond resistance levels and trapping more short sellers in the process!
Why this liquidation is crucial
Short liquidations like this serve as rocket fuel for bullish momentum, making the next BNB move absolutely critical.
With $2.28K in shorts eliminated, we are now at a decisive moment:
Will the bulls push even higher, forcing more shorts to cover?
Or will profit-taking create a sharp pullback, giving bears another chance?
What’s next for $BNB ?
With short sellers in full retreat, BNB could be poised for an even greater breakout—if bullish momentum continues! But if resistance comes into play,
we might see some volatility before the next big surge!
Is BNB about to go parabolic, or will the bears strike back? Leave your predictions below!