🚨 $BTC and overall Market Liquidation Update;
Hitting $100k would trigger a staggering $16b in short liquidations,
While a push to $110k would wipe out another $24b.
On the flip side, we just saw a major "cleaning of the slate" at the US market open, high-leverage longs to de-risk the board.
With about $1.8b in long support still holding at $70k and mid-range 50x longs sweating the $76.3k mark, the "froth" has largely been removed.
This setup suggests that if we can maintain our current footing, the path toward a massive short squeeze is wide open.