BTC just reminded everyone how dangerous leverage can be.

Bitcoin went from looking completely stuck to ripping through $70K and briefly pushing above $72K.

The crazy part isn't even the price move.

It’s what happened underneath it.

Billions in shorts got wiped out, forced buying started feeding into more upside, and suddenly the traders waiting for the breakdown were chasing the breakout instead.

Now BTC is sitting around a level that could decide the next move.

If $70K holds, do we get a real trend reversal?

Or does this eventually turn out to be the biggest short squeeze before another nasty pullback?

I’m honestly more interested in what happens after the leverage clears.