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CryptoTrendGlobal
$BTC đĄ Idea of the Day
Market data shows **liquidations** split almost entirely to the short side â 99% of $40.7M were shorts, triggering a **massive short squeeze** (bear trap). Fear & Greed at 27 (Fear) crept up by 2 points, suggesting sellers may be exhausting themselves.
Similar setups on May 17 and May 20 with FNG 27 and near-zero long liquidations preceded local bottoms. If `64,000` holds and shorts keep stacking, expect another squeeze upward â but confirmation requires a daily close above that level.
â ïž **Risk: 6/10** â Short squeeze potential is high, but macro news (Ethereum proposal, Hormuz deal) and low liquidity could still snap price back down.
đ Key levels:
âą BTC: $63,000 / $66,000
âą ETH: $1,800 / $1,900
DYOR | Not financial advice
Ansvarsfriskrivning: OKX Orbit-innehÄll tillhandahÄlls endast i informationssyfte. LÀs mer
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