Wow!!!

Jaw-dropping! Family!!!

LAB experiences violent surge! Short sellers suffer a double crackdown

Liquidation data is shocking

The long-awaited LAB has ushered in a strong main upward trend.

Daily increase exceeds 20%,
During the session, it surged to a price of 19.47, currently holding above 18.

The daily chart shows a large bullish candlestick,
Directly breaking the previous long-term half-month low-volatility consolidation pattern.
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Review of the previous market,
The coin has been consolidating in the 4-6 range for a long time,
Short-term moving averages are turning upward simultaneously, forming strong support.

Combined with project buybacks being implemented, ecological returns converting into buying demand,
24-hour trading volume approaches 2.9 billion, with continuous influx of new funds.
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Two major tricks on the derivatives side, firmly suppressing short positions.

① Hourly funding rate drops to -0.93%, with a significantly negative annualized rate,
The rule is that short positions pay settlement fees, subsidizing all long positions.
As the fee deduction point approaches, short positions continue to lose principal.

② Liquidation data is fully released:
In 24 hours, total single-sided LAB liquidations amount to 16.94 million,
Short liquidations total 14.05M, longs only 2.89M, 90% of liquidations come from shorts.

Looking at a longer cycle, 12-hour short liquidations exceed 4.17 million,
Short-term short-selling funds are continuously wiped out by the market.
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Looking at the entire market,
In the past 24 hours, over 140k users across all categories experienced liquidations, with a total liquidation amount of 606 million.
A record single large liquidation, exceeding 8.32 million.

Technical indicators like KDJ enter overbought territory, short-term speculative sentiment is at its peak.
After a big rally, volatility increases; avoid blindly entering at high levels,
Properly control positions, taking profits is the safest choice.

$LAB