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Damn! Just lay down to scroll my phone, immediately jumped up to check the charts. Bitcoin$BTC
Hit 63k,
Ethereum$ETH
Just barely touched 1799,
$SOL
Also surged above 82.
Also surged above 82.
This wave of longs is too fierce, the shorts got completely stunned! What the hell happened!
In the past 24 hours, total liquidations across the network reached $221 million, with short positions liquidated for $177 million. The largest single liquidation was on ETH for $10.09 million. Ethereum's 6-hour RSI once surged to 87, a classic short squeeze scenario.
But this rally is a bit different from before. BIP-110, a proposal that has been controversial for over half a year, had only 0.31% miner support, essentially declared a failure.
Nakamoto's CEO said this is 'extremely bullish' for Bitcoin — a potential governance crisis resolved, and the market voted with its feet, giving confidence.
ETH rebounded from 1570 on July 1st to around 1790 now, gaining over 12% in three days. SOL was even stronger, up 14% in a week.
To be honest, this kind of sharp rally is often driven by short covering, not by real incremental capital entering. Those with heavy positions should protect profits, and those who missed out shouldn't rush to chase; wait for a retracement confirmation.
Markets always rise in hesitation and end in euphoria. Are you holding longs or waiting for a pullback? Let's discuss in the comments👇
#比特币较10月高点跌超50%