Bitcoin only destroyed long and short positions — the classic weekend liquidity trap
What a turbulent 4-hour stretch 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 surged back $3,500 from $87,700 → $91,200, leading to another $75 million liquidation from short positions.
That's over $246 million in forced liquidations... in just a few hours.
This is the definition of low liquidity weekend manipulation:
🔸 Market makers liquidate excessive long positions
🔸 They immediately counteract to punish late short positions
🔸 The retail is cut
🔸 Liquidity is harvested
🔸 The price ends up higher than it was before the 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've already won. Weekends remain a battleground for leveraged traders.
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