$ETH Roughly $280 million worth of Bitcoin short positions were wiped out in the last 24 hours, triggering a classic short squeeze. As Bitcoin's price surged, traders betting against the rally were forced to close positions, fueling even more upward pressure.

This kind of mass liquidation typically signals a sentiment shift—bears getting burned while bullish momentum gains strength. It also highlights the brutal risks of leveraged trading in crypto markets, where volatility can turn the tide in hours.

For Bitcoin, this could mark the start of a stronger upward trend if