A MASSIVE SHORT SQUEEZE IS BREWING ON $BTC
+ In the last 24 hours, $564.7M long positions have been wiped out: the market just experienced a very strong "liquidation event."
+ According to Coinglass data, hourly liquidity is piling up above, creating a large "liquidity pocket" right above the current price.
And as every trader knows:
+ The market always follows liquidity.
+ Liquidity above → very high probability of a bounce.
BTCUSDT
Perp
92,845.9
+0.72%