Take that Shorts!

In the last 24 hours roughly $170 million worth of shorts have been liquidated.

In all honesty I thought it would have been more considering the size of the move...

(Source: https://twitter.com/Bitcoin/status/1568258283957538818/photo/1)

That just means it didn't take that much volume to push the price higher.

Which is likely good news going forward.

On moves like this to the downside we have seen a great number of longs flushed.

Hopefully this means the short sellers are running out of ammo and we are primed to move up to another higher base going forward.