Bitcoin exploded +$3,000 in under an hour, tapped near $90,000, then dumped hard back to $86,000 all without any major news.
What happened?
Pure leverage + thin liquidity.
🔥 First wave: Short squeeze
As $BTC pushed into $90K, over $120M in leveraged shorts got liquidated, forcing buys and sending price straight up.
💣 Second wave: Longs wiped out
FOMO kicked in. Traders piled into leveraged longs, but spot demand wasn’t there.
Once price stalled, the market flipped.
➡️ Over $200M in long liquidations followed, accelerating the crash.
⚠️ The takeaway
Fundamentals didn’t change
This was not news-driven
The market is fragile and over-leveraged
When leverage stacks up near key levels, price doesn’t need a reason to move it just hunts liquidity.
Stay sharp. This kind of volatility isn’t over yet.
#USNonFarmPayrollReport #BTC #BREAKING
