🩸 BTC closes the week above $83K and the shorts get cooked
The bears got rinsed again. About $140 million in short positions were liquidated after
bitcoin confirmed a weekly close above $83,000, and price is back
near $84,000.
Kook Capital's heatmap already shows a fresh wall of shorts stacked at $86,000 to $88,000. Same trap, just a floor higher. Bears never learn. They keep buying the ceiling.
▪️ The setup:
BTC opened the week of Oct. 5 at $86,530, wicked down to $80,393, and the crowd piled into shorts on that dip. Classic. Someone sees a red candle and decides the world is ending.
▪️ Crypto liquidations topped $1.1 billion over the same stretch. This wasn't a one-coin accident. The whole casino got squeezed.
▪️ Kook Capital data: $26.34M in
BTC liquidations, 93.3% of them shorts.
ETH shorts lost $29.5M, and 80.9% of that was also shorts. Same story, different ticker.
▪️ Alts got farmed too:
Starknet's
STRK lost $15.82M in liquidations and
NEAR another $7.18M. Small caps bleed harder. Nobody's surprised.
▪️ The trigger: the weekly candle closed
near $83,800 Sunday night. Anyone short from $80K got the signal to cover, and covering is exactly the fuel the squeeze runs on.
▪️ Next trap:
KillaXBT's map shows dense short clusters from roughly $86,000 to $88,000, with longs sitting lower around $80,000 to $82,500. Read it again.
📊 BTC weekly close:
$83,773
📊 Spot
BTC ETF outflows, Oct. 5 to 9:
$681M
📊 Binance BTCUSDT funding:
0.002% per 8h
📊 Open interest on
Binance BTCUSDT:
$7.75B
Positioning looks neutral for now: funding is
near zero, open interest is flat, and about 58% of
Binance accounts are long. Translation: nobody's all-in yet. The weak link is spot. ETFs bled $681M and Coinbase's premium is deep negative, so US buyers are paying less than offshore. Real money in the US isn't buying this dip. The bulls need a consistent spot bid, and until they get one, that $86K to $88K short cluster is the next fuel if price pushes through.
💬 «Everybody piled into shorts after that $80k wick.» —
Kook Capital
🔮 Shorts are stacked at $86-88K again. Guess who's going to be the exit liquidity this time?
@blockchain_life_official