Monster $5B Short Squeeze Alert 🚨
$BTC clawed back to $93K just as one of the biggest pressure points of the cycle emerges: nearly $5 billion in BTC shorts are still open, with liquidation clusters sitting all the way up toward $98K.
A 5% move is enough to start wiping them out — and forced liquidations can turn into a self-feeding rally. 💪
🔗 On-chain: Whales and long-term holders are pulling BTC off exchanges, shifting supply into cold wallets. Less liquid BTC + heavily leveraged shorts = a setup where upward moves hit harder than downward ones.
🌐 Macro: The market now gives a 93% probability of a December Fed rate cut. That expectation alone is lifting $BTC , tightening financial conditions for shorts, and improving the backdrop for risk assets.
🔥 Catalyst: Spot ETFs hold 1.36M BTC (~7% of supply). BlackRock owns 3.9% alone, and Fink’s “asset of fear” framing explains why institutional flows remain sticky at every price level from 80K to 120K.
✅ My read: If BTC keeps grinding up, shorts won’t survive the trip to 98K. Institutions aren’t just buying dips — they’re dictating the structure of this move.
