#BTCvsMarkets

Just in: Around $280 million worth of Bitcoin short positions got liquidated in the past 24 hours. Basically, as Bitcoin's price started climbing, traders who were betting on it to drop were forced to close their positions—this kicked off a classic short squeeze.

That sudden spike in liquidations added more fuel to the rally, pushing prices even higher. It’s a clear sign that market sentiment is shifting—bears are getting caught off guard while the bulls are taking over. It also shows how risky leveraged trading can be in crypto, where prices can flip fast and hard.