What Happened?
$BTC just pumped over 3%, hitting $102.5K and briefly touching $104K โ its highest price since January! ๐ฅณ
Why the Pump?
๐๏ธ A big UK trade deal announcement +
๐ธ Record-breaking ETF inflows topping $40 billion
= Huge market confidence!
Bearish Bets Got Crushed ๐ป๐ฅ
Over $400 million in short positions (bets against BTC) were liquidated in just 24 hours! That means traders who bet on the price dropping lost big as BTC surged. ๐ฌ
๐ Even some long positions ($22M) got wiped, but the shorts took the biggest hit.
This shows many were too bearish โ and now thereโs room for even more upside! ๐Altcoin Market Also Pumping! The total market cap (excluding $BTC ) jumped 10% to $1.14 trillion, the highest since March. ๐ฅ
