đ A bro got liquidated 4 times within 14 hoursâ$32.55 million in short positions was wiped to zero. According to Lookonchain monitoring, he didnât miss the train; he stood across the tracks from the entire train.
12:30 spot checks:
¡ $BTC 85,562, 24h high touched 87,395
¡ According to Golden Finance, after breaking the key resistance at 82,000, around $750 million in short positions were liquidated
The most worth discussing today is this "domino squeeze": when shorts get liquidated, they have to buy to close, and that buying pressure pushes the price even higher. The more they get liquidated, the more it rises; the more it rises, the more they get liquidated. The script is exciting, but strong one-day sentiment momentum â trend confirmation. The crazier the pump, the more you need to watch for the day the retracement hurts.
Quick aside: in this kind of market, refusing to hold and stubbornly fighting through losses isnât rewardedâitâs the root cause of the chain reaction liquidations. A stop-loss isnât admitting defeat; itâs saving your life.
Which side are you on?
A. The squeeze isnât overâso long as the shorts arenât dead, the market wonât cool
B. The shorts have been squeezed enoughâtime for short-term rest
Not investment adviceâDYOR
#Bitcoin #Crypto
12:30 spot checks:
¡ $BTC 85,562, 24h high touched 87,395
¡ According to Golden Finance, after breaking the key resistance at 82,000, around $750 million in short positions were liquidated
The most worth discussing today is this "domino squeeze": when shorts get liquidated, they have to buy to close, and that buying pressure pushes the price even higher. The more they get liquidated, the more it rises; the more it rises, the more they get liquidated. The script is exciting, but strong one-day sentiment momentum â trend confirmation. The crazier the pump, the more you need to watch for the day the retracement hurts.
Quick aside: in this kind of market, refusing to hold and stubbornly fighting through losses isnât rewardedâitâs the root cause of the chain reaction liquidations. A stop-loss isnât admitting defeat; itâs saving your life.
Which side are you on?
A. The squeeze isnât overâso long as the shorts arenât dead, the market wonât cool
B. The shorts have been squeezed enoughâtime for short-term rest
Not investment adviceâDYOR
#Bitcoin #Crypto
