BTC ANALYSIS
BTC surged from $105K to $107K today, powered by a wave of short liquidations.
Short liquidations spiked from $105K to $359K (24H SMA) in just 4 hours
Last week’s negative funding rates signaled rising short positions
Today, those bearish bets got squeezed hard
This move confirms the market's fragility when overloaded with shorts - and Bitcoin capitalized on it perfectly. Watch for follow-through above key resistance next.