When sentiment diverges from reality, the market usually hits speculative positions first.
Notably, that’s exactly how the market is positioned right now. According to Coinglass, the market liquidated nearly $140 million in short positions on 13 March, marking the second-largest short squeeze since the West Asian crisis kicked off two weeks ago.
From a technical perspective, the crypto market has clearly diverged from the broader macro FUD. Around $150 billion has flowed into digital assets so far this week, even with roughly one-third of the week still left to go. However, as the gap between sentiment and reality continues to widen, the key question now is – Will the crypto market keep pushing in this direction?
