【Brother Tong's Analysis】Bitcoin Breaks Through 78k: Geopolitical Bluffs Forcing Shorts Out, Chain Reactions of Liquidation
$BTC 1. Market Review
Bitcoin surged violently from 75k to 78,024 this morning, up 5.63% in 24 hours, currently consolidating between 77,500-77,800.
In the past 24 hours, total liquidations reached 441 million, with shorts accounting for 230 million; in the early hours, 130 million in shorts were liquidated within an hour. MicroStrategy's large short position at 76,400 was directly wiped out.
News ignition + crowded shorts = chain liquidation. This time, with volume, it's