BTC rebounds to 88K, and the entire network begins to celebrate a successful bottoming out. But I want to ask an overlooked question: in the past two days, $750 million was liquidated, with $250 million being BTC. Is this a genuine rebound, or a short-term squeeze caused by forced liquidations of short positions? Just look at the data to see how strange this rebound is: • BTC from 86K to 88K • But in the past 48 hours, $750 million was liquidated • Of which, $250 million were BTC long positions This doesn't seem right.
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BTC rebounds to 88K, and the entire network begins to celebrate a successful bottoming out. But I want to ask an overlooked question: in the past two days, $750 million was liquidated, with $250 million being BTC. Is this a genuine rebound, or a short-term squeeze caused by forced liquidations of short positions? Just look at the data to see how strange this rebound is: • BTC from 86K to 88K • But in the past 48 hours, $750 million was liquidated • Of which, $250 million were BTC long positions This doesn't seem right.