BTC unexpectedly reversed course and surged to 70K, but this is likely just a false recovery. The main possibility stems from Short sellers closing their positions and the exchange creating a Short squeez when the Short ratio becomes too high, as I mentioned yesterday. According to Liquidation Map, the real scare lies in the future, with tens of billions of USD potentially being liquidated if the market once again falls back to the 60K mark. There's a particular paradox right now: the recovery is underway, but the Volume has dropped sharply, a bad sign given the lack of spot cash flow. Personally, I'll stay on the sidelines and observe further. Link to check data: coinank.com/register?referral=...… Data provided by @CoinAnk #coinank BTC