Viewpoint: Last night, Bitcoin broke through $78,000 driven by a short squeeze, with $357 million in market shorts liquidated within one hour
By: rootdata|2026/04/18 08:42:01
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According to CryptoQuant analyst @AxelAdlerJr, last night, under the influence of news from the US and Iran, btc-42">Bitcoin rebounded from $74,000 to $78,000, and this rise has all the characteristics of a classic short squeeze. In just one hour, the market absorbed a peak of $357 million in short liquidations. @AxelAdlerJr believes that this rebound was not amplified by fresh demand but was driven by the forced liquidation of short positions. "This is important because a short squeeze can cause prices to rise very quickly—but by itself, it does not confirm sustainable spot demand."
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