đš Massive Short Liquidation on Bybit: 2,000 BTC Wiped Out! đš
Retail traders just got caught in a huge short squeeze as 2,000 BTC in short positions were liquidated on Bybit. With many expecting a price drop, the market had other plans.
Hereâs what happened:
đĄ Retail Traders Were Massively Short: A large number of retail traders bet against Bitcoin, hoping for a price decline.
đ 2,000 BTC Shorts Liquidated: These positions were forcibly closed, driving BTC's price upwards as traders scrambled to cover losses.
⥠Possible Ripple Effect: Liquidations like this often fuel further price increases, creating a feedback loop of upward momentum.
đ Whatâs next for BTC? Drop your thoughts in the comments and share if this helped!