$BTW Can’t even laugh anymore! Sun Ge coin, this wave must go up back—directly with data:
A massive sell-off—liquidations in 1 hour were only a little over 60k, and in 24 hours the total was about 1.04 million, with the difference between long and short pretty much equal.
With a disruption this big, it didn’t blow up much leverage at all, which shows there really aren’t that many real chips down there being panic-sold. It went from 0.56 up to 1.37, then got smashed back to 0.88 and quickly pulled back to 1.05—clearly it’s brutal wash trading, not distribution. The order book looks light; there’s no pressure overhead, so resistance when pushing up is minimal. After this kind of wash trading in the past, it usually keeps running up next—and this time won’t be any exception.
Going heavy on longs!! ⬇️⬇️⬇️
A massive sell-off—liquidations in 1 hour were only a little over 60k, and in 24 hours the total was about 1.04 million, with the difference between long and short pretty much equal.
With a disruption this big, it didn’t blow up much leverage at all, which shows there really aren’t that many real chips down there being panic-sold. It went from 0.56 up to 1.37, then got smashed back to 0.88 and quickly pulled back to 1.05—clearly it’s brutal wash trading, not distribution. The order book looks light; there’s no pressure overhead, so resistance when pushing up is minimal. After this kind of wash trading in the past, it usually keeps running up next—and this time won’t be any exception.
Going heavy on longs!! ⬇️⬇️⬇️
