I’m stunned—the market just wiped out over $1 billion in short positions across crypto, with $570 million of that tied directly to Bitcoin shorts in the past 24 hours—as BTC rocketed from $112K to $116.5K .
Here’s how it unfolded:
232,149 traders were liquidated, the bulk being short-sellers betting on a dip .
This surge triggered a massive short squeeze, crushing bearish bets and triggering another leg up .
It’s clear now: Bitcoin isn’t just rallying—it’s actively punishing over-leveraged shorts. Short-sellers are paying dearly for doubting the momentum.
#BTCBreaksATH #ETHBreaks3k #ShariaEarn #TrendTradingStrategy #BinanceHODLerLA $BTC $ETH $XRP