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🚨 On-chain Alert: TON whale takes profit at high levels and withdraws, short squeeze conditions still exist!
Just captured a "wild" whale selling and closing long positions at $2.51, worth $4.7257 million in TON, precise take profit exit 🐋
Although large investors are exiting, on-chain whale long-short ratio shows: short squeeze conditions still present 📈
📊 Current on-chain data overview (24h):
· Total liquidation: $8.03M
· Long liquidation: $5.76M | Short liquidation: $2.27M
· Long positions: $31.36 million | Short positions: $35.68 million
· Funding rate: Both long and short sides incur fees, intense competition
⚠️ Prediction:
TON is expected to have a small rally before the mainnet upgrade, but recent trends will mainly feature long-short annihilation.
Suggestion: Reduce leverage, avoid pin risk, don’t be the one getting liquidated.
The bull market is still ongoing, but only those who are alive can catch the main upward wave.
$TON