A little after 9 this morning, I’d just arrived at the office, clocked in, and opened my computer with a cup of hot soy milk in hand. I took one look at the morning market and nearly dropped my drink. Those who made it through last night were warriors. This morning’s market is brutal—it’s like the longs are being pinned to the floor and ground into dust. Just savage.
$BTC has been plunging all the way down and is now struggling to hold support near 71k. The 4-hour long/short ratio is unbelievably high at 3.30. $ETH is teetering on the edge of the 2,000 mark, and its long/short ratio has soared to 3.59. $SOL has fallen to 81, and its long/short ratio is also nearing 3.6.
Huge red daily candles have already come crashing down. The trend has clearly turned bad, yet retail traders are still trying to buy the dip and go long. Long positions are extremely overcrowded, and the shakeout hasn’t achieved its goal at all. Now that last night’s macro bad news has taken hold, it’s turned into a full-on cascade of liquidations. As long as you keep adding to your positions, the big players have no reason to kindly push the market back up.
My take: Liquidity is poor this morning, so don’t gamble on a rebound right now. Don’t give those predatory market makers fresh human fuel. As long as the green hills remain, there’ll be no shortage of firewood—just focus on your day job for now.
Brothers, did that opening-market sucker punch knock you out today? What positions are you holding right now?
Expectations of a Fed rate hike in December are growing, and the tightening cycle may continue into 2027.
$BTC has been plunging all the way down and is now struggling to hold support near 71k. The 4-hour long/short ratio is unbelievably high at 3.30. $ETH is teetering on the edge of the 2,000 mark, and its long/short ratio has soared to 3.59. $SOL has fallen to 81, and its long/short ratio is also nearing 3.6.
Huge red daily candles have already come crashing down. The trend has clearly turned bad, yet retail traders are still trying to buy the dip and go long. Long positions are extremely overcrowded, and the shakeout hasn’t achieved its goal at all. Now that last night’s macro bad news has taken hold, it’s turned into a full-on cascade of liquidations. As long as you keep adding to your positions, the big players have no reason to kindly push the market back up.
My take: Liquidity is poor this morning, so don’t gamble on a rebound right now. Don’t give those predatory market makers fresh human fuel. As long as the green hills remain, there’ll be no shortage of firewood—just focus on your day job for now.
Brothers, did that opening-market sucker punch knock you out today? What positions are you holding right now?
Expectations of a Fed rate hike in December are growing, and the tightening cycle may continue into 2027.
