May 8th is the day with the highest single-day short liquidations in the last four years since the last bull market!! 🔥🔥🚀
From the data perspective, this will be another commemorative day in the crypto space 💥💥
However, in the past, every commemorative day of liquidations has been an exception where bulls were subjected to historical-level liquidations, which can also be verified from the chart below; the level of bull liquidations far exceeds that of shorts, with the short liquidation data of 800 million already setting a historical record;
So before the short liquidation data was released yesterday, apart from the exchanges, it was hard for anyone to think that there were so many pending short liquidations above;
Many people intuitively felt that there were not many shorts left above, but because this round of market rise was quite sluggish, accompanied by two waves of false short zones, a large number of shorts could not decisively cut their positions, ultimately leading to a new single-day short liquidation record!!
