In the past 24 hours, the stock market saw an extremely strong sell-off. • BTC: $1.66 billion was liquidated, of which shorts accounted for $1.61 $CHIP • ETH: $1.34 billion, shorts $1.24 $BSB • SOL: $144 million, almost all of it was short $PRL In total, more than 202,000 accounts were swept. When the price breaks out, buying pressure from short liquidation has helped drive the upward momentum. Currently, the short-term chart is in a fairly “clean” state for shorts. The remaining question is whether real buying power is enough to maintain this momentum.
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