On TRUMP’s move that day, people were buried on both sides—both longs and shorts.

It’s up 17.9% over 24 hours. Binance’s current price is $2.675, OKX reports $2.676. The high touched $2.93, and it has since pulled back by about 9%.

Such a fierce rally—shorts get hurt first. TRUMP liquidated $14.7 million in the 24 hours, with 8.39 million shorts (about 57%) and 6.30 million longs. Chasing the shorts got swept out by a single bullish candle.

Position size is the key. TRUMP’s open interest surged 48.7% over 24 hours, reaching a total of $255 million. Binance alone is up 71%, accounting for 35.7% of the whole market. Price is rising, positions are adding aggressively—that means new money is coming in, not just old holders switching hands.

The risk is here too. The price has fallen from 2.93 to 2.67, and those who entered at the high are already down by nearly 9%. As for the fee rates, the mainstream options are still positive: Binance’s 4-hour fee is 0.005%, so longs don’t need to pay for now. Once the price continues to pull back, this batch of new positions will become the fuel for the next round of liquidations.

Do you think this move by TRUMP is a rebound or a top?

Check in real time: https://www.coinboss.com/zh/liquidations/TRUMP