Bitcoin just ripped through $77K and reclaimed the 50-week EMA for the first time since November 2025, wiping out over $3 billion in BTC shorts. The catalyst? Treasury Secretary Scott Bessent's bond buyback plan that sent yields plunging and revived risk appetite. Cute, right? But here's the funny part: Abraxas, Fasanara, and Wintermute are still sitting on $603M in combined short exposure on Hyperliquid, bleeding $75M in unrealized losses as we speak. Someone's about to get absolutely rekt – again.
▪️ Bessent's bond buyback plan tanks yields, triggers risk-on. BTC up 23% in a week. Classic gov intervention benefiting insiders.
▪️ Bitcoin closes above 50-week EMA first time since Nov 2025. Trend reversal signal – if you trust the guys shorting.
▪️ Over $3B BTC and $4.5B total crypto shorts liquidated Aug 19-22. Bears squeezed. But institutional shorts still open.
▪️ Abraxas $783M short on Hyperliquid, Fasanara & Wintermute $603M combined. All still open and bleeding. Margin calls coming.
▪️ US spot Bitcoin ETFs $1.9B inflows last week – biggest since Jan. Retail piles in. Wonder who's selling?
▪️ Jackson Hole Aug 27 with crypto-friendly theme. Eyes on Fed Chair Warsh. Expect fakeout.
📊 BTC Shorts Liquidated:
$3B📊 Total Crypto Shorts Liquidated:
$4.5B📊 Institutional Shorts Still Open:
$603M📊 Unrealized Losses on Those Shorts:
$75MSolid bullish signal – the 50-week EMA reclaim and massive short squeeze suggest the nine-month correction might be over. But don't get too comfortable, bagholder. $80K is next resistance; if Warsh turns hawkish at Jackson Hole, we get a fakeout. The real drama: $603M in institutional shorts on Hyperliquid. If BTC keeps ripping, they cover (fuel) or get liquidated (more squeeze). Win-win for longs. Watch $73K-$68K support; if it holds, rally has legs. If not, those shorts win and you're bagholding again.
💬 «If history repeats, Bitcoin will try to get as close as possible to ~$93,000 in 2027. But first, Bitcoin needs to fully confirm its Bear Market bottom and fully confirm a break of the Macro Downtrend.» — Rekt Capital
🔮 Same three firms that got crushed in July are doubling down on shorts. Either they know something, or they're next liquidity meal. My money's on the latter.
@exverse_chat
