$121M in Shorts Just Got Liquidated! Bitcoin Surges Past $78,500 Late at Night as Powell's Farewell Torches the Bears In the early hours, Bitcoin suddenly surged out of nowhere, blasting straight to a high of $78,520. It has since pulled back and is now oscillating around $78,100. This merciless pump wasn't driven by any headline — it was purely a short-squeeze execution. Coinglass data shows that as price ripped higher, $121 million worth of short positions were instantly crushed. This is exactly what the previous warnings were pointing to — billions in bearish fuel had piled up near the $80K mark. Once the fuse was lit, nothing could stop the upward momentum. Look around: smart money was already moving. Spot CVD hit a new all-time high of 11,500 BTC, proving this wasn't some hollow move. Even after the brief bleeding in April, Bitcoin spot ETFs ultimately hauled in a staggering $1.97 billion — a new monthly record for 2026. Remember, cheap spot supply is being drained. High interest rates have left retail too afraid to load up, but the truly strategic capital is opening its jaws wide in the darkness. 💬 How are you positioning for the next move? A. Straight through $80K B. Fake breakout, pullback, then run C. More sideways grinding before the next leg up