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CryptoTrader46
The rally looks impressive, but liquidation data suggests a different story.
$BTC saw $33.74M in short liquidations compared to just $6.7M in longs, pointing to a short squeeze rather than strong organic buying pressure.
$ETH followed the same trend, with $34.87M in short positions wiped out. Forced buying fueled the upside, but genuine spot demand is still unconfirmed.
$CORE highlighted how quickly momentum can reverse, with both long and short positions getting liquidated.
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