BTC broke above $𝟳𝟬,𝟬𝟬𝟬 for the first time since June 2, triggering a crypto-wide short squeeze that liquidated $𝟮.𝟳𝗕 in levered short positions over 24 hours. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is one of the largest deleveraging events of the year. ETH's 8.52% surge vs BTC's 1.08% suggests capital rotating into higher-beta assets — a classic risk-on signal. The key question is whether BTC holds $70K as support; a clean reclaim opens room toward the prior range high. Short squeezes are momentum signals, not fundamental shifts, so the move can reverse if volume fades. BTC traded at $69,367 after pulling back from the $70K touch. ETH spiked to $2,300 before settling near $2,265. In a single 4-hour window, $803M in liquidations hit — $737M shorts, $66M longs. Watch BTC's $70K hold for confirmation. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2044(Hupzy (Spot On Chain))