- Entry
- $64,977.36
- Now
- $64,977.36 +0.0%
- Target
- $85,000.00
- Score
- —
*Bitcoin has just broken above $81,000 for the first time since January. This is no small development.* **What happened in the last 24 hours:** BTC: +1.47%, high at $82,050 $201M in short positions liquidated Only $57M in long positions liquidated Ratio \~3.5x in favor of shorts **Why it matters:** *Funding rates were negative in early May (-2% annualized). Traders had been shorting every rally since April, with BTC stuck between $75K and $80K. The break above $80K forced all these …
— ORIGINAL POST ·
BTC Breaks Back Above $81K, Triggering $200M in Short Liquidations Is This the Start of a Short Squeeze?
· r/CryptoMarkets
· May 6, 2026