BTC just squeezed $1.4B in shorts. Now it’s hitting descending resistance.

That rally was basically a straight line up.

Roughly $1.4B in shorts were liquidated in 4 hours, and BTC is now pushing into the downward-sloping resistance that has capped price for months.

The interesting part is what comes next.

A lot of the short-side fuel has already been cleared, while roughly $12B in estimated long liquidation leverage sits below on the 30-day liquidation data.

That obviously doesn’t mean BTC has to dump. Strong momentum can break resistance.

But the setup has changed: the short squeeze was the easy fuel. From here, I’d be watching whether BTC can actually hold above this descending resistance.