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#WeekendMarket
Weekend shorts just got absolutely wrecked.
Bitcoin flushed below $74,500 during a rapid weekend panic. Ethereum collapsed near $2,025 simultaneously, driving intense fear across the digital asset space.
The heavy selloff was accelerating fast before a sudden geopolitical development completely flipped the board.
Emerging reports of a potential US-Iran ceasefire agreement sparked an aggressive short squeeze. Asset prices reversed course instantly.
🔹 Bitcoin jumped back above $77,000, gaining 1.74% within an hour.
🔹 Ethereum recovered past $2,140, surging 3.11% in the same window.
🔹 Over-leveraged bears faced total liquidation.
🔹 Patient spot accumulation completely absorbed the flash dip.
The Coinglass chart below highlights the massive spike in short liquidations during this rapid price surge.
Diplomatic progress between Washington and Tehran restored macro confidence, forcing sellers into immediate panic buying. Long-term spot accumulators successfully defended the macro floor.
Shorting a crypto weekend remains a fantastic method to donate your hard-earned capital to wealthy whales.
Friends, what are your thoughts on this wild weekend u-turn?
$BTC $ETH $SOL
⚠️ Not financial advice.