You don’t realize how extreme this setup is 👀

When $BTC dumped from $90,000 → $60,000, over $9B in positions were liquidated.

Then Bitcoin bounced back to $70,000, triggering another $2B in liquidations.

Now look at the 1-year liquidation map:

• $1B in Long liquidations

• $25B in Short liquidations 🤯

That’s 25x more shorts than longs, stacked all the way up to $104,000, just waiting to be squeezed.

From a liquidity perspective, the path of least resistance is clearly up.

Bears may be running out of time. 🐻🔥