This is a big pancake, and the second pancake is a Qixi Festival gift for Chinese coin friends! One of them, in 12 hours, rose by 7.97%$BTC ; the other is even more outrageous—up 18.44%$ETH in 12 hours. The liquidation figures in the last 12 hours are pretty similar to the 24-hour liquidation data. That means almost all liquidations happened within the most recent 12 hours! With this trend, it’s understandable why shorts got wrecked— but why were there also more than 200 million worth of long positions liquidated? Crypto is still full of gamblers, huh. Licking the blade for blood—this is all-in and go-hard type of play. They couldn’t tolerate even the slightest pullback during the上涨📈 process. Even though the direction was right, they still got liquidated!
This is the day when the “air force” has been hurt the most in the past year! Did some big “air force” whale place a heavily weighted short, then go out for a hotel date on Qixi night and didn’t watch the charts? Then the second pancake teamed up with the big pancake to give him a lesson!