Why Bitcoin’s $80,000 rally just flipped from short squeeze to long squeeze

Bitcoin's brief pullback below $78,000 triggered more than $300 million in crypto liquidations as traders took profits after a sharp $80,000 rally driven by Treasury developments, ETF inflows, and a squeeze on bearish positions. Data from CryptoSlate shows that the largest cryptocurrency fell as low as $77,870 during the last 24 hours before recovering above $79,000 [ ]