@nshilter69
Yo guys, quick crypto market update from the last 24 hours:
Total futures liquidations ~$116 million.
Bitcoin took the biggest hit: $75.68 million, with ~76% being short positions getting wrecked → classic short squeeze. Price shot up fast, shorts panicked and covered, pushing BTC even higher. Bulls are loving it! 🚀
ETH & SOL were different stories: ~$30M and $11M liquidated respectively, but mostly long positions got rekt (ETH ~52%, SOL ~82.5%) → price dropped, longs got margin called, cascade selling made it worse.
Bottom line: BTC is showing strong bullish momentum thanks to the short squeeze, but altcoins like ETH and SOL are looking weak and vulnerable right now.
My current strategy? Hold.
Enjoy the potential BTC upside, but stay cautious with altcoin weakness. I’ve got trailing stop-losses set, watching BTC resistance levels and any recovery signals in ETH/SOL. No FOMO yet — volatility is still insane.
What about you guys? Still brave enough to short BTC at these levels? 😏
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