Bitcoin fiercely cuts down the air force! 300 million short positions liquidated, igniting the market!

At 4 AM, a thunderous move—Bitcoin (BTC) violently surged past $94,000, triggering the most intense short liquidation wave since October 2022! In just a few hours, over $300 million in short positions were wiped out, and the bulls seized the opportunity to start a new round of short squeeze!

Battle overview:

Bitcoin peaked at over $94,000 and is currently hovering around $93,681, with a daily increase of 5.7%

The entire crypto market experienced liquidations exceeding $650 million, with short positions accounting for $565 million!

A certain exchange saw over $156 million in short positions liquidated!

Shorts were trampled in a chain reaction, causing the market to accelerate out of control!

"This is not an ordinary price fluctuation; this is a typical short squeeze. Stop losses were triggered, margin calls came too late, and the market is like a barrel of gunpowder ready to explode, uncontrollable once ignited."

Technical signals are synchronously exploding:

Bitcoin and gold have both reached local new highs;

The Fear and Greed Index soared from 29 to 72 within a week, with sentiment fully shifting to FOMO mode!

Details that kill:

Financing rates remain below 2%, indicating that this is not a 'congested arbitrage situation,' but rather the collective failure of true directional short sellers. Cross-exchange price differences have instantly vanished, and localized liquidity has rapidly collapsed.

The current short squeeze on Bitcoin can be called an 'on-chain earthquake'—it not only exposes the fragility of the short structure but also revalidates the iron rule that 'going against the trend is a death sentence' in a bull market.

Is the next target written at 99,000?