Big-time short attack is coming! Two whale accounts combined to open $100 million in BTC short positions, with the target directly set at 55,500.

Recently, BTC has been repeatedly wrestling around the 60,000 key level. The bulls have made several attempts to push higher but failed to get results, market sentiment has continued to weaken, ETF funds have kept flowing out, and the shorts have taken the opportunity to increase their positioning and suppress the order book.

The 55,500 level is not a random price point—it is the average cost line of users across the entire network. A large amount of spot holdings are in unrealized losses within this range. Once the price breaks down on increased volume, it can trigger retail traders to cut losses en masse, and combined with a chain of liquidations of long positions in derivatives, the downside momentum will be amplified by multiples.

But the shorts are not guaranteed to win: these short positions have relatively high leverage. As long as overall market sentiment improves and the price quickly rebounds to break above 62,000, the concentrated liquidation of shorts totaling over 100 million will turn into a rally catalyst—making it easy for the market to enter a rapid short-squeeze move in the short term.

From a long-term perspective, spot whales are still accumulating coins at low levels. Short-term contract short positions will only affect short-term fluctuations and cannot change the medium- to long-term positioning structure.

Trading reminder: Don’t blindly chase shorts. Keep a close watch on 55,500 support and the breakout above 62,500 resistance. For high leverage, be sure to strictly manage risk.