By June 23 the crowd flipped short, only to watch a $350 million red bar print when Bitcoin $BTC bounced. The pattern held into July 1’s window-dressing squeeze and then detonated July 9 when nearly $1 billion in short liquidation hit as the price ripped toward $120,000.
Every tall bar tracks a violent wick on the price line, a reminder that volatility, not volume, shreds collateral.
Zoom into the week of July 4-11 and the heat map glows like a bad sunburn.
A Friday payroll beat produced 1,500 BTC stop-outs plus 1,200 Ethereum (ETH), flipping majors from green to orange in a single hour. $MEME coin tourists arrived next: 1,000 $BONK lit multiple orange boxes over the July 5-6 weekend as retail chased the wrong candle.
By July 9 the board was wall-to-wall orange, with BTC maxing the 2,000-count cap and nearly every top-twenty token recording 800 or more forced closes.
Notice the domino: majors flash first, alt rows follow within three hourly cells. Low-beta names like TON, APT, and NEAR stayed blue or green, proving that little leverage equals little drama when volatility spikes.
Big picture: the roulette wheel is spinning faster.#TradingStrategyMistakes
Two separate billion-dollar liquidation events in thirty days show traders rebuild leverage almost instantly after each wipeout. Head-count ceilings jumped from 1,200 last month to 2,000 and have already been tagged twice.#Write2Earn
Macro headlines still pull the trigger (payroll surprises, hawkish Fed remarks) and technical breakouts occurred within minutes of every orange cluster.
One practical rule keeps paying rent: if the day’s liquidations top $600 million or if there is any print with 1,500 forced closes, a counter-move usually hunts the opposite side’s stops inside forty-eight hours.#SECETFApproval
Respect volatility, monitor liquidation prints, and size trades like you enjoy keeping your collateral instead of donating it to the funding pool. @ElonMusk69