760 million short positions sacrificed! Is BTC aiming for 120,000 tonight?
Brothers! This rocket launch at 4 AM today directly pushed the price to a historic high of 116,000! But do you really think this is a celebration for small investors? Wrong! This is the big players showing their knives to the shorts—760 million USD in short positions evaporated in an hour, and the leverage corpses are piling up like steps in a bull market!
Let me explain the reasons:
Firstly, at 4 AM, just after breaking the previous high, 543 million in short positions instantly vanished! The total liquidation in 12 hours soared to 762 million, isn’t this a textbook example of a short squeeze? The big players specifically target the thin liquidity in the early morning to launch surprise attacks, blowing up the shorts before pulling the price up, their technique is even more precise than surgery!
Secondly, giants like BlackRock and Fidelity have seen a net inflow of 4 billion USD into ETFs this year! MicroStrategy holds over 50 billion, firmly welding the 100,000 support level. Small investors are still waiting for a pullback, but institutions have already swept up all the chips, so this trend simply cannot be stopped~
Thirdly, the US GENIUS stablecoin bill passed procedural hurdles last night, establishing a federal regulatory framework! Traditional banks are queuing up to enter with trillions of dollars; this is not good news? Clearly, it’s giving the crypto space a rocket booster!
Finally, don’t be fooled by the fact that BTC and Nvidia’s correlation has dropped to 0.36; the news of Huang’s market cap breaking 4 trillion went viral at dawn, instantly activating the risk appetite of tech funds—NASDAQ hits a new high + Bitcoin breaks records, how wonderful is this duet?
The data doesn’t lie: RSI hasn’t entered the overbought zone, and MACD’s red bars expanded to 43.1, is this a peak? Clearly, it’s a continuation of the bull market! But you must know that the big players are pulling the price up to unload, not out of charity!
Do not chase the current price! Place a breakout order at 1165, and immediately stop loss if it breaks 1050! This is the lifeline of institutional costs; breaking this level means a rout for the bulls—keep a close eye on the September interest rate cut! When all the good news is exhausted, that’s when the sickle swings down!
The market is turbulent right now, walking alone is lonely; follow me, and I will share daily insights on spot potential layouts and top bull market strategies with you.