$343 Million just got liquidated mostly in shorts
1 min read
A big short squeeze just happened. A whale decided to load up on BTC & especially ETH liquidating a TON of short positions.
If you aren’t aware how MASSIVE this is consider the recent volume. Look how ridiculous the graph looks. All the other liquidations are barely visible compared to what just happened the last 15min.
After a strong Stock Market bounce the last days it was inevitable that crypto will finally catch up.
What does this mean? Nothing special. Bullrun isn’t back ( I’m sorry ) but you can clearly see institutions still LOVE crypto as soon as things look better. You can probably expect a pullback from here but I doubt it’ll fall back below yesterdays level. There was a large money inflow confirmed on all exchanges setting up buy orders.
What else does this mean? Prepare for incoming BITCOIN HITS 20K ! posts.
submitted by /u/TarkovReddit0r
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