760 million shorts sacrificed! Is BTC aiming for 120,000 tonight?
Brothers! This morning at 4 AM, BTC's rocket launch directly blasted the price to a historic high of 116,000! But do you really think this is just retail frenzy? Wrong! This is the big players showing their knives to the shorts—760 million USD worth of short positions evaporated in an hour, and the leverage corpses have piled up into a bull market staircase!
Let me explain the reasons to you:
First, just after breaking the previous high at 4 AM, 543 million in short positions instantly evaporated! The total liquidation amount over 12 hours surged to 762 million. Isn't this a textbook case of a short squeeze? The big players specifically target the thin liquidity in the early morning for surprise attacks, wiping out the shorts before pulling up the prices, their precision is even sharper than surgical operations!
Second, major players like BlackRock and Fidelity have seen a net inflow of 4 billion USD into ETFs this year! MicroStrategy's holdings exceed 50 billion, firmly welding the 100,000 dollar level as a solid bottom. Retail investors are still waiting for a pullback while institutions have already cleared the chips, so this trend simply cannot be stopped~
Third, the US GENIUS stablecoin bill passed procedural hurdles last night, establishing a federal regulatory framework! Traditional banks are lining up with trillions of dollars to enter the market—this is not just good news; it clearly provides a rocket booster for the crypto space!
Finally, don't be fooled by BTC's correlation with Nvidia dropping to 0.36; the news about Huang's market cap breaking 4 trillion was trending at dawn, instantly activating the risk appetite of tech funds—Nasdaq hitting new highs + Bitcoin breaking records, what a wonderful double act?
Data does not lie: the RSI three lines have not entered the overbought zone, and the MACD red bars have expanded to 43.1. How is this a top? Clearly, it’s a continuation of the bull market! But you should know that the big players pull up prices to offload, not for charity!
Do not chase the current price! Set a breakout order at 1165; if it breaks 1050, stop loss immediately! This is the lifeline of institutional costs, and breaking this level means a defeat for the bulls. Keep a close watch on the September rate cut!
When the good news is exhausted, that’s when the scythe swings down!
Currently, the market is turbulent. Walking alone can be lonely; follow me for daily insights on spot potential and top strategies for the bull market.
