A large-scale short liquidation occurred in the Bitcoin USDT trading pair! Approximately $7.08 million in short positions were wiped out around 97,633, and the bullish momentum suddenly surged. Such large-scale liquidations are often accompanied by intense volatility, and short-term traders should pay close attention to changes in key support and resistance levels. Market participants can monitor large position movements through real-time liquidation data to grasp the rhythm of market sentiment shifts.
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ZenMiner
· 53m ago
$70.8 million disappeared in an instant, the bears should be crying haha
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SatoshiChallenger
· 4h ago
$7.08 million liquidation, sounds big, right? Data shows this is less than 0.3% of Bitcoin's average daily trading volume. Ironically, after each "sudden surge," someone always hails it as a救世主反弹[滑稽]
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And there they are, teaching people to watch the charts again. I just want to ask how many people have actually made money relying on this "key price level rule," or are they all just getting dragged in?
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Objectively speaking, a single liquidation of $7.08 million in the futures market is nothing. During the 2017 crisis, such levels of liquidation happened ten times a day. Now, it's considered big news.
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Interestingly, the more an analysis emphasizes "real-time data monitoring," the more likely it is to fail because the market simply doesn't follow the data.
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Focusing on short-term traders? Bro, I advise you to focus on your stop-loss lines instead[冷笑].
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This is the kind of "hope-giving analysis"—if liquidations can really reverse the market, why can't anyone make consistent profits?
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MoonlightGamer
· 4h ago
The short positions were crushed again; this time, 7.08 million is really not small.
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FancyResearchLab
· 4h ago
Another wave of brilliant liquidation performance; in theory, I should have seen through this trick long ago.
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FloorSweeper
· 4h ago
lmao $7.8M shorts getting liquidated in one candle? that's what happens when paper hands try to fight the algo. weak signals everywhere honestly... the real accumulation phase starts after these capitulation events, not during the hysteria.
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HashRateHermit
· 4h ago
7.08 million dollars in short positions wiped out? This bullish player is really fierce.
A large-scale short liquidation occurred in the Bitcoin USDT trading pair! Approximately $7.08 million in short positions were wiped out around 97,633, and the bullish momentum suddenly surged. Such large-scale liquidations are often accompanied by intense volatility, and short-term traders should pay close attention to changes in key support and resistance levels. Market participants can monitor large position movements through real-time liquidation data to grasp the rhythm of market sentiment shifts.