Bears just lost another $200M+ on Bitcoin shorts as BTC spikes to $69,768 (+3.67%) The cycle is brutal and predictable Bitcoin always punishes the most crowded position Max shorts lead to violent squeezes higher. Max longs lead to brutal dumps Right after this flush, funding rates have eased and positioning looks lighter. That creates one of the better setups we have seen in weeks for another leg up The traders who got wrecked were not wrong about the overall trend. They were simply flushed out by whales And in this market, the whales own the game What comes next, push toward $70k or another reset?
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