$GTC Is it going to zero???

This trend won’t really walk all the way to zero—otherwise my followers would have their legs pounded until they swell. The short-sellers’ feast is still going live, with one big bearish candle after another dropping straight from 0.20 to the current price of 0.14, and the bulls will get squeezed and blown up.

Right now, a lot of people are catching the bottom and going long. Don’t think it’s secured. This situation has already played out—if the market panics, it will keep dumping further. The funding rate has shifted from negative to positive. From observing the liquidation map, I see that at 0.1398, close to 0.14, there are still a large number of leveraged positions pending liquidation. Also, I feel that this time it’s definitely aimed at liquidation, to pull off a double kill on both longs and shorts. This makes it even more certain that in the short term it can’t be lifted back up—it’ll keep drifting downward with more bearish moves after the liquidation of positions. After the liquidation, there may be another rally, but for now I’m still firmly bearish. Brothers entering the market—set your take-profit and stop-loss properly!