Over $231M in shorts liquidated in 24h — that means price moved up fast enough to force bears to close positions at a loss. When shorts get liquidated → they must buy back → buying pushes price even higher → classic short squeeze. Market clearly punished people betting down.
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🚨JUST IN : Short sellers just got wiped 😬
Over $231M in shorts liquidated in 24h — that means price moved up fast enough to force bears to close positions at a loss.
When shorts get liquidated → they must buy back → buying pushes price even higher → classic short squeeze.
Market clearly punished people betting down.