Judging from the liquidation chart, there are still many people who are shorting. They chase the decline when it falls and chase the rise when it rises. It's too hasty. Isn't this the behavior of leeks? Now the $BTC 1-hour macd has turned around, and it is on the rise. $ETH also has a trend of pulling back and rising.

Let's take a look at the liquidation. It may be that the long positions are too severely liquidated, so they all chase the decline.

1.382 million liquidations in 1 hour, mainly long positions, 24.735 million liquidations in 4 hours, mainly long positions, 71.846 million liquidations in 12 hours, mainly long positions, 150 million liquidations in 24 hours, mainly long positions, all long positions