🚨 $BITCOIN Added & Lost Nearly $100B in HOURS — Here’s What REALLY Happened 🚨
This was one of the most violent intraday moves we’ve seen in Bitcoin this month 😳
On Dec 17, $BTC pumped hard… then dumped just as fast.
📈 What we saw:
• BTC ripped +$3,000 in under 1 hour
• Briefly reclaimed $90,000
• Then completely reversed back toward $86,000
• Nearly $100B market cap added and erased in hours
And here’s the crazy part👇
❌ No news
❌ No macro data
❌ No regulation headlines
So what caused it?
👉 Leverage. Crowded trades. Weak liquidity.
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🔥 Short Squeeze Started the Pump
As BTC pushed into the $90K resistance, it hit a huge pocket of leveraged shorts.
• Shorts started getting liquidated
• Liquidation = forced buying
• Forced buying = price acceleration
📊 Around $120M in shorts got wiped out.
This wasn’t real demand — it was a classic short squeeze.
Looks bullish on the chart… but the structure was weak.
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⚠️ Momentum Trap → Long Liquidation Cascade
Once $BTC touched $90K, FOMO kicked in.
• Momentum traders jumped in
• Highly leveraged longs opened
• Liquidity was thin
But BTC
failed to hold above resistance.
When price rolled over: • Supports broke
• Longs started getting liquidated
• Selling pressure exploded
💥 Over $200M in long liquidations followed.
That’s why the dump was faster and more aggressive than the pump.
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📊 Positioning Data Tells the Story
• Binance: Top traders went heavily long, but with low conviction size
• Many traders, small positions = speculative crowd
• OKX: Position ratios flipped fast → big players adjusting risk in real time
This is the perfect recipe for chaos: ➡️ High leverage
➡️ Crowded
#BTC #USNonFarmPayrollReport #BinanceBlockchainWeek #BTCVSGOLD