Big moves hit the crypto space today! 📈 Bitcoin made a strong rebound of 6.31%, surging past the $93,000 mark and almost erasing the losses from the past two days. The momentum looks fierce~ But a closer look at the data reveals some hidden twists 🤔: Today, Bitcoin saw a beautiful rebound, jumping 6.31% to around $93,000, almost completely recovering the losses from the previous two days. At first glance, the market seems quite optimistic, but digging into the data tells a more intriguing story. Today, only about $300 million of short leveraged positions were liquidated (forced closed) in the market, a stark contrast with yesterday: just yesterday, $833 million in long leveraged positions were wiped out in a single day. In other words, even though Bitcoin posted a strong rebound today and erased previous losses, the amount of short liquidations was far less than the long liquidations during yesterday’s drop. This sends a signal: in the short term, the market remains overly “greedy,” with too many leveraged longs still present. Short-term volatility may still be high, and Bitcoin could very well see another sharp dip to flush out these leveraged longs. Only when, one day, the amount of short liquidations during an uptrend exceeds the long liquidations during a downturn, can we perhaps confirm a more stable rebound trend.