One day drops 6.02% to $1,238—don’t rush to comfort yourself with “a technical correction.”
The real guillotine is right under your feet: around $1,200.9, a full $6.23 million of long positions is hanging there, waiting to be liquidated. The current price is only about $38 away from this heavily clustered liquidation zone, yet the order book is packed with fragile leveraged longs.
This extremely crowded structure fears most not slow drifting lower, but the cascade of liquidations after a key level is broken. As soon as $1,200 is pierced by even a small breach, longs will start closing in a chain, turning into the most vicious sell-off force. At this moment, catching a falling knife is basically paying for the stampede.
#IMF称代币化市场仍小且碎片化 #ZEC $ZEC
#OGN $OGN
#IMF称代币化市场仍小且碎片化
👇
The real guillotine is right under your feet: around $1,200.9, a full $6.23 million of long positions is hanging there, waiting to be liquidated. The current price is only about $38 away from this heavily clustered liquidation zone, yet the order book is packed with fragile leveraged longs.
This extremely crowded structure fears most not slow drifting lower, but the cascade of liquidations after a key level is broken. As soon as $1,200 is pierced by even a small breach, longs will start closing in a chain, turning into the most vicious sell-off force. At this moment, catching a falling knife is basically paying for the stampede.
#IMF称代币化市场仍小且碎片化 #ZEC $ZEC
#OGN $OGN
#IMF称代币化市场仍小且碎片化
👇