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The market has taught the shorts a lesson!
In the past hour, the entire network was liquidated for $106 million, with shorts directly wiped out for $104 million! $BTC was liquidated for $69.87 million, $ETH also wiped out $24.53 million.
This wave of shorts was pressed to the ground and rubbed, Zhang thinks it's not accidental—it's obviously the main force using some news to clear leverage, and at the same time give the short sellers a warning.
For the crypto market, this targeted liquidation will scare shorts into retreat, and in the short term, it may continue to test higher levels. But retail investors shouldn't rush to chase, as it's easy to become the bag holder.
What to do now? Keep an eye on whether BTC can hold a certain key level; if it can't, it will have to wash out back and forth. $BTC $ETH #Gate广场五月交易分享