$BTC This is a prime example of why most bears still lose money in a bear market. On Monday, we had $200M in short liquidations at $76K. Now just a few days later, that same level has rebuilt with another ~$100M sitting there. So what did shorts do? They reloaded at the exact same price that already got hunted, this time with even more leverage and size. In comparison, the nearest long liquidation cluster sits much lower near $70K. Buyers are longing with much more caution despite the fact they're closer to breaking out than down. So bears may still be right on direction. Most just will not survive long enough to monetise it.