🔥 Short Squeeze Shakes Crypto! $103M Liquidated 🚀
Quick Market Pulse:
Crypto just saw a fast $103 million in liquidations within 4 hours! Data from Coinglass (via BlockBeats) shows the *majority* ($85M+) were SHORT positions getting squeezed. 📉
Why This is Interesting:
Large short liquidations often signal strong upward pressure! When traders betting against the market close positions, it can actually fuel momentum and reduce selling resistance. 💪
The Upside:
While liquidations sound intense, this shakeout of weak shorts can pave the way for healthier price action and potential opportunities. The market's resilience is key! 🔥