AI-generated; the story is fictional
《At the Night Market, Both Sides Got Buried》
The night-shift researcher’s log reads like a two-front revenge drama today.
The first group to get buried were the longs chasing the rally. Bitcoin slid from above $80,000 to an intraday low of around $76,460. About $1.54 billion was liquidated in 24 hours, including roughly $1.29 billion in longs—more than 80% of the total. They were the same people who, just a few days ago, still believed “$80,000 would hold.” The Fear & Greed Index also plunged overnight from a neutral 51 to fear at 30. Half the lights in the night market went out.
But the story wasn’t over. The price didn’t lie flat at the lows; it bounced back to around $78,500. So the second group got buried too: of the $85 million liquidated in the past four hours, $57.3 million was in shorts. The past hour was even more dramatic: shorts accounted for $20.6 million—about 95%—of the $21.6 million liquidated. The longs had barely been buried before the shorts followed. On this night-market street, the leading cast changed twice in a single day.
I ran the numbers three ways. First, the level: short-term holders’ average cost is around $76,500. The low hit that level almost exactly before bouncing, suggesting real money stepped in to buy—not just hot air. Second, the direction: the 24-hour tally says longs got buried; the smaller tally from the past few hours says shorts got buried. Until the bigger picture turns around, the smaller tally is just a subplot. Third, the backdrop: of the roughly $3 billion in stolen funds already frozen, stablecoins make up the bulk. Around $3.2 billion in Bitcoin and Ether remains unfrozen, still hanging overhead as potential selling pressure. Whether there’s enough fuel to keep the rebound going depends on whether that money moves.
So tonight’s night market isn’t “the drop is over,” nor is it “we’re back up.” Both groups paid their tuition, and the price is stuck between $76,500 and $80,000, waiting for the next word. And waiting for the next word means finding out whether reclaiming $80,000 is a genuine foothold—or just a stage being set for the next group to get buried.
A note from behind the scenes: The accompanying image is an AI-generated night market, with a fallen red lantern on the left and a rising green lantern on the right. No real people are depicted; the lanterns are the two groups’ tombstones and flags.
No calls—just the numbers.
The real question: If you opened a position below $80,000 yesterday, were you in the first group to get buried, or the second? What did you base your decision on at the time? Share your thoughts in the comments.
$BTC
#比特币 #Liquidations
《At the Night Market, Both Sides Got Buried》
The night-shift researcher’s log reads like a two-front revenge drama today.
The first group to get buried were the longs chasing the rally. Bitcoin slid from above $80,000 to an intraday low of around $76,460. About $1.54 billion was liquidated in 24 hours, including roughly $1.29 billion in longs—more than 80% of the total. They were the same people who, just a few days ago, still believed “$80,000 would hold.” The Fear & Greed Index also plunged overnight from a neutral 51 to fear at 30. Half the lights in the night market went out.
But the story wasn’t over. The price didn’t lie flat at the lows; it bounced back to around $78,500. So the second group got buried too: of the $85 million liquidated in the past four hours, $57.3 million was in shorts. The past hour was even more dramatic: shorts accounted for $20.6 million—about 95%—of the $21.6 million liquidated. The longs had barely been buried before the shorts followed. On this night-market street, the leading cast changed twice in a single day.
I ran the numbers three ways. First, the level: short-term holders’ average cost is around $76,500. The low hit that level almost exactly before bouncing, suggesting real money stepped in to buy—not just hot air. Second, the direction: the 24-hour tally says longs got buried; the smaller tally from the past few hours says shorts got buried. Until the bigger picture turns around, the smaller tally is just a subplot. Third, the backdrop: of the roughly $3 billion in stolen funds already frozen, stablecoins make up the bulk. Around $3.2 billion in Bitcoin and Ether remains unfrozen, still hanging overhead as potential selling pressure. Whether there’s enough fuel to keep the rebound going depends on whether that money moves.
So tonight’s night market isn’t “the drop is over,” nor is it “we’re back up.” Both groups paid their tuition, and the price is stuck between $76,500 and $80,000, waiting for the next word. And waiting for the next word means finding out whether reclaiming $80,000 is a genuine foothold—or just a stage being set for the next group to get buried.
A note from behind the scenes: The accompanying image is an AI-generated night market, with a fallen red lantern on the left and a rising green lantern on the right. No real people are depicted; the lanterns are the two groups’ tombstones and flags.
No calls—just the numbers.
The real question: If you opened a position below $80,000 yesterday, were you in the first group to get buried, or the second? What did you base your decision on at the time? Share your thoughts in the comments.
$BTC
#比特币 #Liquidations
