🚨 LONGS CONTINUE TO FUND THE MARKET PARTY 🩸📉
👀 Keep your eyes peeled because there's something here that many aren't seeing
follow me so you don't miss out on what's coming
The image shows how long positions kept piling up while
$BTC was already taking a heavy dive 📉🐟
The white box marks a constant increase of
#Funding in the positive 🔵
Most kept betting that
#bitcoin was going to bounce 🚀
And when too many people position themselves on the same side of the market, the
#market makers usually do the exact opposite 🐳💀
📊 What the image shows:
🩸 Extremely positive funding
🩸 Excessive confidence in
#long s
🩸 Constant price drop
🩸 Liquidations in a row
🩸 Buyers trapped paying fees every 8 hours
The saying "if you have a long of $10,000 you pay $200 every 8 hours" depends on the exchange and the exact funding, so it's not always literally like that ⚠️
But the main idea is real 👇
When funding skyrockets, holding long positions becomes increasingly costly 💰🔥
Right now we are not seeing the same excess of longs that was up at 80k-82k
Many have already been swept away 🩸
But there are still huge liquidity zones below that the market might want to visit 😳
The areas between 64k and 61k still stand out a lot on various liquidity maps 📉
And below that, interesting zones start appearing that many have been watching for weeks 👀🔥
If extreme fear and forced selling show up, a sweep towards those lower zones wouldn't be surprising
But there's also a massive mountain of shorts piling up right now 😈
And when everyone starts thinking it can only go down
That's when the most violent shorts
#Squeeze usually show up 🚀🩸
Damn, those trading with 50x or 100x never seem to learn 😭🐟
🔥 Do you think we'll visit 60k-62k first or will we see a massive short liquidation before continuing down? 👀📉🐳🔥