$BTC Global account long/short ratio: 1.82 (64.5% long / 35.5% short).
When most people are on the same side, a move in the opposite direction can trigger cascading liquidations, increasing volatility.
Technically, this move should be assessed alongside the daily chart structure, as short-term anomalies are often corrected.
#比特币重复使用地址持有433万枚BTC #BTC
Just my personal perspective; I may be wrong, so take it with caution.
When most people are on the same side, a move in the opposite direction can trigger cascading liquidations, increasing volatility.
Technically, this move should be assessed alongside the daily chart structure, as short-term anomalies are often corrected.
#比特币重复使用地址持有433万枚BTC #BTC
Just my personal perspective; I may be wrong, so take it with caution.