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I just saw that short traders got caught off guard again. About 300 million dollars worth of positions liquidated all at once. It has become a real fire of positions lately in the crypto market.
These massive liquidations are an interesting symbol. It shows how the bears keep misjudging the market direction. The fire of positions is building up and creating quite violent movements.
When you see numbers like that, you realize the market is clearly sending a message. Shorts accumulating losses might be a signal to consider for the future.