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Alex_Trade✔️
Alex_Trade✔️
The short squeeze didn’t remove leverage. It moved it. ~$648M in shorts were liquidated during the rebound. Yet futures open interest then climbed ~7.6% to around $156B. That’s the part most liquidation charts miss. The market didn’t simply deleverage. New risk entered after the squeeze. Now Friday’s expiry removes another huge block of positions.

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