Look at this Coinglass madness:BTC leverage is HEAVILY skewed β ~$8 BILLION in shorts vs less than $200 MILLION in longs.That's not a skew, that's a suicide pact.
Market makers already gave them a taste a few days agoβ wiped $400M+ shorts in one quick squeeze. Now? One tiny upward wick, even without news,and it's game over. Chain reaction of margin calls, burning asses, and cascading liquidations turning into pure rocket fuel for BTC pumpπ
Price was hovering ~$67,470 when this snapshot dropped, but if the squeeze ignites.. expect fireworks. shorts better have their stop-losses on speed dial.
DYOR,not financial adviceβ market can stay irrational longer than you can stay solvent, but this looks like a powder keg.
#bitcoin #btc #shortsqueeze #leverage #crypto #liquidations #coinglass #cryptonews