The latest data shows that the crypto market has continued to rise unilaterally over the past 24 hours, with short positions facing a series of liquidations:
The bears have been completely harvested! The market surged wildly, and the liquidation data is shocking!
4 hours: $118 million in short liquidations
12 hours: $187 million in short positions forcibly liquidated
24 hours: Total liquidation scale reached $211 million, involving 107,100 investors
In this short squeeze market, the bullish funds continuously pushed prices upward, leading to a sharp increase in short position costs, ultimately triggering large-scale automatic liquidations. Market sentiment is clearly leaning towards the buyers, and caution is needed regarding subsequent volatility risks.
Discussion: Is this round of increase a continuation of the trend, or a short-term squeeze? Experienced traders are welcome to share their insights.
