🚨 $BTC and $ETH are bouncing back hard

More than $50 million in short positions have been liquidated in the last 45 minutes as the crypto market stages a sharp recovery.

Traders betting on further downside are being forced to close positions, adding fuel to the rally and accelerating the move higher.

This is exactly how short squeezes work:

Price rises ➝ shorts get liquidated ➝ forced buying pushes prices even higher.

For now, bulls are regaining momentum and putting pressure on bearish traders.

Long 👇

BTC
BTCUSDT
63,913.9
+0.81%
ETH
ETHUSDT
1,726.02
+0.24%

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