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Alex_Trade✔️
The positioning just flipped.
After yesterday’s short squeeze, the market is now liquidating longs.
~$351M in futures positions were wiped out in 24H — $273M were longs.
And Friday brings ~$18.1B in BTC + ETH options expiry.
Shorts were forced out on the way up.
Now late longs are getting punished.
The next move starts with a very different market structure.
