I said it twice: $BTC can’t be opened for shorts now. In the end, you got trapped. Ask me what it’s good for 😂 I can only suggest cutting your losses!
1. If you really get trapped, don’t panic, because you’re not alone: right now the short positions in the market are even heavier than the long side!
2. In a short-squeeze market, shorting $BTC has no future—especially this kind of speculative short.
Don’t think that because BTC has risen from 66,000 to 79,000 it’s automatically a high point and shorting is a sure win. BTC was still 120,000 last year.
3. Of course, if your stop-loss price is above 90,000, your odds are still pretty high. Because I also think that BTC will surge toward 86,000 and then drop again.
4. Net inflows into the ETF have already fallen off a cliff, which means the main engine driving the rally (institutional spot demand) has stalled. Without additional incremental demand, it’s hard to push through.
My plan is still to focus on spot. When it runs up, I’ll take profit and trade the swings. The short-squeeze trend is still ongoing—so you can’t open shorts. There’s always a risk of being liquidated by surprise “piercing” moves.
1. If you really get trapped, don’t panic, because you’re not alone: right now the short positions in the market are even heavier than the long side!
2. In a short-squeeze market, shorting $BTC has no future—especially this kind of speculative short.
Don’t think that because BTC has risen from 66,000 to 79,000 it’s automatically a high point and shorting is a sure win. BTC was still 120,000 last year.
3. Of course, if your stop-loss price is above 90,000, your odds are still pretty high. Because I also think that BTC will surge toward 86,000 and then drop again.
4. Net inflows into the ETF have already fallen off a cliff, which means the main engine driving the rally (institutional spot demand) has stalled. Without additional incremental demand, it’s hard to push through.
My plan is still to focus on spot. When it runs up, I’ll take profit and trade the swings. The short-squeeze trend is still ongoing—so you can’t open shorts. There’s always a risk of being liquidated by surprise “piercing” moves.
