$BTC just absorbed a nasty long squeeze

Coinglass shows $90.75 million liquidated in the past hour, with $85 million coming from longs and only $5.75 million from shorts. That kind of imbalance usually means downside liquidity was the magnet, and the move likely cleared crowded leverage before the market decides whether to rebuild higher or keep hunting weak hands.

Not financial advice. Manage your risk and protect your capital.

#Crypto #Bitcoin #Liquidations #Coinglass Stay sharp ✦

BTC
BTCUSDT
71,392.1
-1.98%