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Explosive! A whale is down 3.37 million, and $SNDK 's market makers are ready to “slaughter the pigs”!
As long as the longs are still alive, the shorts won't stop; trying to catch the bottom halfway down is just handing them your head!
Folks, look at the on-chain news: a whale bought the dip at an average price of 1115. With the price now at 1013, they're down 3.37 million in half a day! Combined with accelerating capital outflows and bearish whales raking in profits, the market makers' intentions are now crystal clear: fake rally to lure in longs, then dump for real and liquidate them!
Technically, it's oversold and seeing a weak rebound, but there is too much overhead supply from trapped buyers. Chasing longs now is like catching a falling knife. The short positions above on the liquidation map are just bait from the market makers; the broader trend is to flush out longs.
Trading advice: short on rallies! If the price rebounds to around 1025–1035 and meets resistance, open a short, with an initial target of 990.
The financial markets show no mercy. @老张说趋势 teaches you to spot the cracks!
#Gate推出行业首个资金安全证明 #BTC重返8万