10/9: Ethereum hasn’t even fallen that much, yet short liquidations have already topped $3 billion at $2,700, and at $2,800 they’re over $4 billion 😂
If the market keeps luring people into shorts, it’ll eventually squeeze them so hard they won’t know what hit them. But it won’t shoot straight up just yet, so don’t rush.
A lot of people may wonder why the shorts don’t exit. That’s just human nature 😂
Answer: Because shorts got wrecked in the last move, from $1,860 to $2,800, losing almost 1,000 points. Even if they caught this move near the high around $2,750, they’d have made at most 300 points. They all want to make it back in one go—who’d want to exit here? For shorts, not adding to a winning position is already playing it safe.
Note: Try taking a small short position first, and make a little money to cover the stop-loss on your long trades later.
If the market keeps luring people into shorts, it’ll eventually squeeze them so hard they won’t know what hit them. But it won’t shoot straight up just yet, so don’t rush.
A lot of people may wonder why the shorts don’t exit. That’s just human nature 😂
Answer: Because shorts got wrecked in the last move, from $1,860 to $2,800, losing almost 1,000 points. Even if they caught this move near the high around $2,750, they’d have made at most 300 points. They all want to make it back in one go—who’d want to exit here? For shorts, not adding to a winning position is already playing it safe.
Note: Try taking a small short position first, and make a little money to cover the stop-loss on your long trades later.