$BTC Don’t look at that other stuff for now—I’m already a bit freaked out by this: the futures contract volume at trade execution is 10.1 times the spot.
Today’s spot is only 1.18 billion, while the contracts jump straight to 11.98 billion.
Once this kind of mismatch shows up on the board, it’s hard for me to call James Wynn’s “20x short” a “genius call.” It feels more like kindling the fire in a high-leverage frenzy 😅
Also, $BTC is still hovering around 77709, not that far from his liquidation price at 80483.
Honestly, opening a 20x short at this spot makes me feel uneasy—especially since the last 24 hours already dropped from 79838 to 76888. People chasing shorts may not be comfortable.
My trader friend used to say: what she hates most isn’t one-way moves—it’s when everyone uses leverage to bet on “the direction coming right away.”
DouDou just squatted on my keyboard a moment ago. I kept fiddling with it while watching the chart, and the more I looked, the less it seemed like a place I want to chase with a heavy position.
My stance is clear: I don’t want to follow this short.
Not saying he’s definitely wrong—this crowded feeling is just too intense. One slight pullback and it’s easy to get the whole emotion-driven order flow washed out in a bad way.
Ladies, would you follow a celebrity’s short like this?
Me, I’ll observe for now. I’d rather make a little less than wake up in the middle of the night scared by volatility.$BTC #BTC
If you lose, don’t tag me. If you win, treat me to a cup of coffee.
Today’s spot is only 1.18 billion, while the contracts jump straight to 11.98 billion.
Once this kind of mismatch shows up on the board, it’s hard for me to call James Wynn’s “20x short” a “genius call.” It feels more like kindling the fire in a high-leverage frenzy 😅
Also, $BTC is still hovering around 77709, not that far from his liquidation price at 80483.
Honestly, opening a 20x short at this spot makes me feel uneasy—especially since the last 24 hours already dropped from 79838 to 76888. People chasing shorts may not be comfortable.
My trader friend used to say: what she hates most isn’t one-way moves—it’s when everyone uses leverage to bet on “the direction coming right away.”
DouDou just squatted on my keyboard a moment ago. I kept fiddling with it while watching the chart, and the more I looked, the less it seemed like a place I want to chase with a heavy position.
My stance is clear: I don’t want to follow this short.
Not saying he’s definitely wrong—this crowded feeling is just too intense. One slight pullback and it’s easy to get the whole emotion-driven order flow washed out in a bad way.
Ladies, would you follow a celebrity’s short like this?
Me, I’ll observe for now. I’d rather make a little less than wake up in the middle of the night scared by volatility.$BTC #BTC
If you lose, don’t tag me. If you win, treat me to a cup of coffee.