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Black Nova
$110M in crypto shorts got wiped out in just 10 minutes. 😳
That tells you something about today’s move.
A lot of traders were positioned for downside — then $BTC pushed higher and forced those shorts to close.
That added more buying pressure to the move.
But here’s the part I’d watch:
If the rally keeps going after the short squeeze fades, that’s more meaningful.
If it stalls once forced buying is over, traders need to be careful.
Don’t just watch the pump.
Watch what happens
$BTC
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