Crypto Liquidations Hit $9.7B as Shorts Near 66%
Forced covering can amplify upside while clearing crowded derivatives leverage, but the resulting move does not by itself prove durable spot demand.
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Forced covering can amplify upside while clearing crowded derivatives leverage, but the resulting move does not by itself prove durable spot demand.
One rally is producing two treasury playbooks: Strategy preserved cash for future dislocations, while BitMine kept accumulating ETH and staking most of its holdings.
The breakout pushed Bitcoin above $69,000 and drove a record $2.7B loss for bearish crypto bets. Follow-through will determine whether institutional demand has truly returned.