Bitcoin Short Squeeze Puts Record Liquidation Claim Back In Focus

Bitcoin’s latest rally has put short-side positioning back under the microscope after market analyst ByzGeneral flagged what he described as the largest daily BTC short liquidation event on record.
The move came as Bitcoin pushed toward the $70,000 area, forcing traders positioned against the market to buy back exposure or face automatic liquidation.
That is what makes short squeezes so violent.
When the price rises, shorts have to cover. Their covering adds more buying pressure. That buyi