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🚨 Something big has happened! The long-short ratio is severely unbalanced over the past four hours, and the market is full of bears!
Just checked on-chain data, I thought there would be some bottom-fishing during this decline, but after seeing the long-short ratio, I was immediately sober...
📉 4-hour liquidation data:
· BTC: $79.83 million liquidated, only $1.57 million in shorts
· ETH: $79.16 million liquidated, $1.23 million in shorts
· SOL: $24.07 million liquidated, $149k in shorts
Almost all longs are getting hit!
📊 The long-short ratio is even more outrageous:
· BTC: 47.78% long vs 52.22% short
· ETH: 45.65% long vs 54.35% short
· SOL: 47.29% long vs 52.71% short
· DOGE: 44.91% long vs 55.09% short
· SUI: 44.17% long vs 55.83% short
The bears are fully pressing in, and the bulls have no way to fight back.
⏱️ Liquidation timeline:
· 1-hour liquidation: $110 million
· 4-hour liquidation: $250 million
· 12-hour liquidation: $280 million
· 24-hour liquidation: $320 million
This is not a correction; it’s a collective “sacrifice” by the bulls...
Brothers, now is not the time to bottom-fish; it’s time to hold your hands.
Wait until the bears are exhausted, wait for the sentiment to reverse, wait for real bottom signals.
Don’t fall before dawn; only by surviving can there be another round.
$ETH