#BTC
Short positions were liquidated by 560 million, and 100,000 accounts were wiped out. This scale shows that the market has indeed been moving to extremes recently.
But after one wave is cleared out, there are still short positions waiting above. If BTC can break through the 83-85K range, there may be another short squeeze.
The direction is not fully determined yet, but the recent trend is leaning toward bulls having the upper hand. I tend to wait until it gets past 83K before making a judgment.
Short positions were liquidated by 560 million, and 100,000 accounts were wiped out. This scale shows that the market has indeed been moving to extremes recently.
But after one wave is cleared out, there are still short positions waiting above. If BTC can break through the 83-85K range, there may be another short squeeze.
The direction is not fully determined yet, but the recent trend is leaning toward bulls having the upper hand. I tend to wait until it gets past 83K before making a judgment.
