Bitcoin Smashes Through Ichimoku Cloud Resistance—$220M in Shorts Wiped Out in Bullish Stampede

Bitcoin just torched the bears' playbook—blasting through a critical Ichimoku resistance level and liquidating $220M worth of shorts in a single fiery rally.

The breakout nobody saw coming

Traders clinging to short positions got steamrolled as BTC's surge turned the Ichimoku cloud from resistance into confetti. The technical indicator—once a bastion of bearish hope—now serves as a springboard for the next leg up.

Blood in the water for shorts

Liquidation cascades hit like clockwork, proving yet again that crypto markets punish the overconfident. Wall Street's 'risk managers' are probably still explaining to clients why their 'hedges' vaporized overnight.

What's next? If history rhymes, this could be the preamble to a volatility explosion—either way, the market just reminded everyone who's really in charge. (Hint: it's not the guys in suits.)

Bitcoin is testing resistance on the daily Ichimoku Cloud while liquidation data shows heavy pressure on short sellers during its latest rebound. Bitcoin is maintaining a strong upward bias following a fresh intraday advance, trading near the upper end of its 24-hour range.

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