$343 Million just got liquidated mostly in shorts

A big short squeeze just happened. A whale decided to load up on BTC & especially ETH liquidating a TON of short positions.

Liquidations the last minutes

If you aren't aware how MASSIVE this is consider the recent volume. Look how ridiculous the graph looks. All the other liquidations are barely visible compared to what just happened the last 15min.

https://preview.redd.it/x617ju9xizv91.png?width=1435&format=png&auto=webp&s=440925c3682d2b83efb459ee5cbf4f34a24b1004

After a strong Stock Market bounce the last days it was inevitable that crypto will finally catch up.

https://preview.redd.it/pn69sgcgjzv91.png?width=998&format=png&auto=webp&s=9328184bef9a140d571a214ee092584f59cac7ab

What does this mean? Nothing special. Bullrun isn't back ( I'm sorry ) but you can clearly see institutions still LOVE crypto as soon as things look better. You can probably expect a pullback from here but I doubt it'll fall back below yesterdays level. There was a large money inflow confirmed on all exchanges setting up buy orders.

What else does this mean? Prepare for incoming BITCOIN HITS 20K ! posts.

https://preview.redd.it/utzhj0iujzv91.png?width=1520&format=png&auto=webp&s=5d8a59bd7cd74f89893cd1580dab6311a5c9f3fb