Bitcoin contract positions surged to a historic high of $74.5 billion, it feels like both bulls and bears are firing heavy artillery at each other. $BTC
According to the routine:
1. First, take out the bulls: Prices have been stagnant at high levels for too long, and once it breaks key levels, the high-leverage betting bulls are likely to get collectively liquidated.
2. Then, cut the bears: If there’s a sudden price surge (like news of institutional entry), it wouldn’t be surprising for the bears to be caught off guard, after all, retail investors have learned to ambush during “spike events”.
3. Ultimate scenario: The exchange directly plays “double kill” on both bulls and bears, spiking prices up and down to wipe out all high leverage positions, leaving a mess behind.
Contract players either stay light and hold on, or set their stop-loss orders in advance; if the market makers don’t ruthlessly cut a wave, consider it my loss!
Having been through the rain, I want to help the newcomers who just entered the market to avoid the greatest risks!!!
Continued focus: bel tst bnx car ltc
