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Last night during the evening hours, the market was somewhat active. According to the data I checked from Coinglass, 41B dollars worth of positions were closed in the last hour, and short positions were significantly affected. The closure of short positions reached 34 million dollars, while long positions remained around 7.6 million dollars.
Today, news is coming about 56 position losses, with total losses reaching 608 million dollars. Globally, 152,000 people have lost their positions. The most striking event was an account named Aster on BTCUSDT experiencing a single position loss of 11 million dollars.
Such a sharp closure of short positions can often be a rally signal. For now, we need to continue monitoring the market movements.