Bitcoin’s $87,000 rally just flipped from short squeeze to long risk

- Bitcoin hit $87,400 and the party’s over. The short squeeze is exhausted, leaving longs exposed to a liquidation waterfall. Spot demand evaporated—ETF inflows dropped 97%—while holders are cashing out gains at record levels. It’s not a crash yet, but the fuel tank is empty. With derivatives doing 90% of the heavy lifting on Binance, one wrong move flips forced buying into forced selling. Don’t be a meat wallet holding the bag while whales distribute profits. Watch the $80k support; if that breaks, the bull market gets a reality check. Aggressive passive income requires actual passive buyers, and they’re currently absent. Stay sharp or get liquidated.