Bitcoin only destroyed long and short positions — the classic weekend liquidity trap
What a turbulent 4-hour extension for Bitcoin.
First, Bitcoin shed $2,000 from $89,700 → $87,700, instantly wiping out $171 million from long positions.
Then — in true weekend fashion — it rose again by $3,500 from $87,700 → $91,200, leading to another $75 million liquidation of short positions.
That's over $246 million in forced liquidations... in just a few hours.
This is the definition of weekend manipulation with low liquidity:
🔸 Market makers liquidate excessive long positions
🔸 They immediately counter to punish late short positions
🔸 Retail gets chopped
🔸 Liquidity gets harvested
🔸 The price ends higher than it was before the entire move
The chart says it all: violent candles, thin order books, and volatility designed to clean both sides of the book.
If you survived this move and your account is intact... you already won. Weekends remain a battleground for leveraged traders.
Follow Wendy for more recent updates
