The second pancake unexpectedly experienced a violent surge! This has caused a disaster for the bears, who have been severely liquidated.

This crazy short squeeze has been intense, with a massive volume of short positions being liquidated around 2870, and these shorts acted like fuel for the surge, directly pushing the second pancake price up sharply.

What is even more unusual is that when the second pancake strongly broke through, there was no significant positive news; it actually relied entirely on the bears 'providing ammunition', meaning those liquidated short positions, to support its explosive rise.

Take a look at the liquidation map, and you'll find that those key price levels have now become targets for the bulls.