Crypto Express

06/19 00:10

BTC Short sellers caught off guard, yet again

Following the purchase, short Bitcoin liquidations surged. It was the second-biggest jump after the 9th of June, when liquidations reached a high on a price breakout. 

Back then, BTC’s breakout triggered mass exits from bearish positions. This time, the pattern repeated.

As shorts unwound, the upward pressure kicked in fast. Bitcoin’s price responded with an immediate spike, showing bulls were quick to reclaim control.

Moreover, if BlackRock’s allocation inspires follow-on institutional buying, a cascade of liquidations could fuel another leg up.

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