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📣 Non-farm payrolls drama is about to unfold, and the market has long been brimming with hidden undercurrents
Bitcoin’s market share has risen by 4.4% month-on-month. Huge whales are heavily positioned with 22x leverage on long positions totaling 6.37 million USD, while also shorting altcoins at the same time, intending to split the market trend. In addition, another large holder is betting on Bitcoin long positions with 20x leverage; previously, Ethereum suffered losses and is rushing to break even.
A massive 48.31 million USDT has flowed into the market—seemingly a formidable show of force. In the past 24 hours, liquidations across the entire network totaled 298 million, and long liquidations account for an extremely high share. The bulls have already taken a severe hit, and a pullback risk is lurking.
At 20:30 tonight, the non-farm payroll data will be released. Expectations point to a sharp drop. Whether the data is good or bad, it will trigger intense swings.
Judging from the overall market, the near-term outlook is not optimistic. The bulls appear strong but are actually flimsy. The main players are secretly looking to unload, and the market will likely see a pullback and adjustment. Right now, stay firmly committed to a short-term bearish view, watch cautiously, and don’t blindly chase longs. $BTC $ETH $DOGE #Gate广场五月交易分享 #比特币跌破8万美元 #美伊冲突再升级 #WCTC交易王PK #稳定币储备下降