Bitcoin just keeps pushing higher since those early Monday hours, smashing past $85,000 for the first time since late January 🖤. Most altcoins jumped right along, triggering a total cascade of liquidations mostly from those unlucky short traders lol.
It was wild imagining this five days ago tbh. Last week totally flipped against what the BTC bulls wanted after the US Senate blocked the CLARITY Act and the Federal Reserve hiked rates for the first time in over three years. Those moves dragged BTC down near $75,000, its lowest in three weeks, but the coin stayed super resilient and bounced back over $80,000 by Friday 🎀.
It hit almost $82,000 on Saturday until fresh bad vibes from the Middle East and Ukraine-Russia stuff knocked it to $80,300. Bulls refused to quit tho and kept it from dropping under $80,000 again ✧. Then Monday hit and bitcoin exploded first to $84,000 then a fresh multi-month top above $85,000, adding a full $10,000 from that Wednesday low 🕸️.
ETH snatched back the $2,700 mark with a solid 6 percent daily pump while XRP surged over 7 percent toward that key $1.50 resistance. Total daily liquidations climbed past $750 million with nearly $450 million just in the last four hours alone 💀.
Shorts took the biggest hit at $650 million wrecked in 24 hours and over 136,000 traders got wiped according to the data.
Shorts Getting Wrecked In This Rally 💀
Just another echo from the void by iconofsin.eth 💖
