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The squeeze that fueled the spike The run $BTC through $80k–$82k was amplified by short covering. Reports put short liquidations in a wide range of roughly $250 million to $510 million, with total crypto liquidations much larger. Open interest also dropped, which looks more like deleveraging than a clean new-long #AugPayrollsBeat #BTCGoldRatioHigh #OKXOutcomeLeagueFOMC