$BTC ‌ 48 hours of shorting bears into the ground — $125 million in shorts liquidated, 85% of the explosions happened on June 12th. But don't rush to fomo; on the ETF side, $5.4 billion has flowed out over 4 weeks, with BlackRock's IBIT seeing $1.34 billion leave in just one week. Institutions are skedaddling faster than anyone. To put it plainly, the derivatives market is having a bloodbath, while the spot market isn't seeing any fresh cash. $BTC is now at 64184, up +1.6%, but the 24h volume is only $800 million; without volume, it’s just a false breakout. The liquidation data is brutal: BTC was short-squeezed on the 12th, while ETH longs got wrecked by 58% on the 13th — there’s no consensus on direction, and those with high leverage are getting hit from both sides. OP is up +12.8% and running hot today, but I want to talk about $ICP +7.5%. The DePIN + AI narrative is on fire, and $91 million in real capital isn’t just line drawing. How long do you think this bounce can hold? #MyGateTradeStory

BTC1.42%
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