🚨 BREAKING: Over $100 MILLION in Bitcoin & Ethereum Short Positions WIPED OUT in the Past Hour! 📉💥
According to real-time liquidation trackers and perpetual futures platforms, a massive short squeeze just hit the crypto markets:
📊 📌 Short Liquidations (Last 1 Hour):
➡ BTC & ETH combined > $100M wiped out
➡ Heavy liquidations on both BTC and ETH perpetuals
➡ Shorts forced closed as price spiked
This means traders betting against the market got forced out, fueling further upside momentum.
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🧠 Why This Happened
📈 Bullish Price Move
Sudden strength in Bitcoin and Ethereum caught short sellers off guard — triggering cascade liquidations on major exchanges.
🔁 Short Squeeze Dynamics
As BTC/ETH price rises, brokers liquidate short positions — this adds buying pressure, pushing prices higher and forcing more shorts out.
📊 Technical Break Triggers
Key resistances likely flipped into support, causing stops under shorts to get smoked.
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📊 Market Impact
✔ Short Covering = Short-Term Bullish
Wiping >$100M in shorts tends to accelerate upward moves, at least in the immediate reaction.
✔ Volatility Spiked
High liquidation events often coincide with sharp price swings.
✔ Liquidity Surge
Buy pressure increases as forced buying kicks in.
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📣 Shorts got smoked again! 🔥
$100M+ in BTC & ETH shorts wiped in the last hour!
When leverage breaks, momentum follows. 😎
#Bitcoin #Ethereum #Liquidations #CryptoShortSqueeze
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🧠 Takeaway for Traders
✔ Bullish short-term setup
✔ Watch for:
• continuation above key resistance
• healthy pullbacks for entries
✔ Avoid chasing at exhausted levels
