Have short sellers really capitulated? I think this round of crowded short positions was first forcibly cleared out by the market. Over the past 24 hours, nearly $3 billion in positions across the market were liquidated, including approximately $2.74 billion in shorts, accounting for more than 90%. $BTC closed out more than $1 billion in short positions in just one hour, while the short positions of $BTC and $ETH were hit the hardest. 🚀 Those who claimed that $BTC would fall to 30k, 40k, or 50k may not always be wrong, but this time the market reminded me again: you can get the direction wrong, but you cannot let your position get out of control, let alone stubbornly hold on just to prove yourself right. However, I am not going to chase the bullish sentiment and rush in either. Over the past three trading days, BTC and ETH spot ETFs recorded net inflows of approximately $30k and $289 million, respectively, indicating that active capital has already stepped in; next, we will see whether spot buying can continue after the short squeeze ends. 📊 Short sellers have not capitulated forever; only high leverage has capitulated first. The market moves ahead will be the real test of the bulls’ mettle.

It seems the market makers entered early this year, just like they did in June that year. $ETH ‌$BTC ‌

A coin that no one logically expected to do well has happened to perform the best over the past two days. Luo Sheng says this is perfectly normal—because no one can give a definitive answer; anyone who does is either a scammer or an idiot. He used the previous bull market as an example: ORDI (an inscription coin) was the first to take off, but Dogecoin (DOGE) was the one that came out on top in the end. The first to run is not necessarily the winner; the more certain you are in your analysis, the more likely the market will prove you wrong. So his conclusion is: trading can only be based on probabilities. Don’t ask, “Will it go up?” Ask, “Which side does the probability favor?” What struck me most was the final sentence: even when the final result materializes, it won’t be what you expected. Do you hold a coin that is “logically unfavorable, but keeps going up”? $BTC #美财政部回购与豁免信号驱动加密大涨