Mmastodon BusinessCrypto first seen 1 d ago, last 1 d ago, peak #5
Bitcoin spikes to nearly $84,900, wiping out short positions
Original: 🚨 Bitcoin Bullenfalle! BTC schoss dynamisch auf knapp 84.900 $ hoch und liquidierte zahlreiche Short-Positionen. Doch pu
Bitcoin surged sharply to just under $84,900, triggering liquidations of numerous short positions, before reversing hard at midnight. Crypto traders are calling the move a 'bull trap', warning the spike may have been a liquidity sweep rather than a genuine breakout, and urging caution after the sudden drop that followed the rapid rally.
Why now: Traders are reacting to a rapid price spike and reversal that liquidated short positions, warning it may be a bull trap.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3224601