$VELVET /USDT shorts got squeezed — $1.06K liquidated at $0.12077.
That move wasn’t organic… it was forced.
Overconfident shorts got caught, and their exits turned into fuel for the rally.
This is how squeezes build:
Each liquidation adds momentum, dragging price higher and putting the next wave of shorts on edge.
Now it gets interesting…
Was this a quick liquidity grab — or the beginning of a sustained push?
Because when the market starts hunting shorts,
it rarely stops at just one level.