🚀🚀🚀💸🎯Bullish Bitcoin Spike🚀🚀🚀🎯💸
Bitcoin experienced an extremely rapid and volatile upward movement that raised its price by $3,000, going from $90,000 to $93,000 in just 90 minutes.
This event was primarily driven by a Short Squeeze. The initial price surge forced the massive liquidation of $140 million in leveraged trading positions betting against Bitcoin.
The unwinding of these bearish positions triggered a cascade of forced automatic buy orders, injecting significant buying pressure into the market and rapidly catapulting the price upward.
In essence, the market demonstrated intense buying strength and notable vulnerability in leveraged bearish bets. This high-volatility event serves as a vivid reminder of how the market tends to reward discipline while punishing emotion in trading.
$BTC carries in its movement to $ETH , $BNB and the other altcoins that drive them in this great movement #BinanceBlockchainWeek #WriteToEarnUpgrade
