🚨 BREAKING: $718.1M in short positions have been liquidated in the past 24 hours.
This marks the largest short liquidation event since the October 10th crash, signaling intense pressure on bearish bets and a potential momentum shift.
Shorts got squeezed.
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🔥JUST IN: Sen. Elizabeth Warren is urging regulators to pause approval of World Liberty Financial’s bank charter application until President Trump ends all ties to the company.
The move highlights growing scrutiny around regulatory independence, and the intersection of crypto and traditional banking.
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#Bitcoin❗ open interest has dropped over 30%, falling from $15B in October to ~$10B, as leveraged traders continue to get flushed out — similar to past liquidation cascades (e.g. 10/11 crash).
Historically, deleveraging phases often form major market bottoms as excess leverage is cleared.
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🚨 JUST IN: BNY Mellon warns that growing political pressure on the Federal Reserve could ultimately push interest rates higher, not lower.
The concern: erosion of central bank independence may force markets to demand a higher risk premium, tightening financial conditions despite calls for cuts.
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🚨 JUST IN: 🇺🇸 President Trump says the latest U.S. inflation data is very low and the economy is still growing strongly, calling it a clear reason why Jerome Powell — “Mr. Too Late” — should cut rates sooner and cut aggressively.
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