Judging from the liquidation chart of BTC over the past week, I think the pattern I predicted has slightly higher chances of success, because there are still quite a lot of people directly shorting. Of course, more people are also chasing the price higher. At this point, if another high is made, those shorts above would become fuel, and the probability of pushing the price further toward around 82.7k would be higher. Once it reaches this level, most of the positions above are basically liquidated as well, which would also attract even more people to chase the price. Then, if the quick sell-off pinches downward and starts falling, liquidating the longs could trigger a chain-reaction selloff.
