Let’s state the conclusion first: for the coins at the top of the gainers list, when they rally, it’s the process of shorts getting squeezed and liquidated.
TAC is up 44% in a day; in 24 hours, 110,000 were liquidated. Ninety-one percent of this is shorts. Open interest also increased by 68%, and Binance by 77%.
PORTAL up 24%, liquidated 208,000; shorts account for 63%.
TUT is the reverse: down 22%, with 1.63 million liquidated; longs account for 61%.
In the whole network, 33.86 million were liquidated in this hour; shorts are 96.5%.
Chase the price or wait for a pullback?
Check live: https://www.coinboss.com/gainers-losers