In 24 hours, 861 million USD positions were liquidated, including 679 million USD from short positions.
The entire short side was collectively wiped out, but the key isn’t how much blew up—it’s that after the liquidation, the price remains stuck at a high level. This kind of走势 that should be falling but isn’t indicates that most of the short-side fuel has already burned off, and the remaining shorts have become new fuel.
Next, it’s a question of whether the long side dares to press the gas pedal. Once it breaks above the previous high, the remaining shorts will become the fuse for a chain reaction liquidation. #crypto market #爆仓数据 $BTC
The entire short side was collectively wiped out, but the key isn’t how much blew up—it’s that after the liquidation, the price remains stuck at a high level. This kind of走势 that should be falling but isn’t indicates that most of the short-side fuel has already burned off, and the remaining shorts have become new fuel.
Next, it’s a question of whether the long side dares to press the gas pedal. Once it breaks above the previous high, the remaining shorts will become the fuse for a chain reaction liquidation. #crypto market #爆仓数据 $BTC