Bottom line first: Sandisk basically didn’t move much today, but positions were liquidated twice in a row.

At the current price around 1775, the 24-hour high reached 1797 and the low fell to 1758, with gains of only about 0.8%. Binance and OKX were basically in line, and the price looked fairly calm.

Positions were anything but calm: over the past 4 hours, the whole network saw $1.65 million liquidated, 88% of it shorts, and those chasing shorts couldn’t hold near 1800. In the past hour, the trend completely reversed: of the $210,000 liquidated, 87% were longs, and the wave of dip buyers who chased the rally got buried around 1760.

Shorts got wiped at the highs, longs got wiped at the lows — both sides were harvested within an hour.

$SNDK $BTC

#爆仓数据 #U.S. stocks

In this kind of back-and-forth, people-burying market, who do you think will be next in the next hour?

View in real time: https://www.coinboss.com/tradfi-liquidations