#BTC再创新高

100 million USD positions added by giant whales, 900 million USD positions profit over 20 million USD, the battle between long and short leverage has turned into a game of whales👇

Step 1: Giants Build a Wall

Large funds place buy orders densely around 100,000 USD, propping up the price like building a wall.

Ordinary retail investors see the 'wall' and are hesitant to short easily.

Step 2: Psychological Tug-of-War

When the price surges to 110,000, short sellers start to lose money:

1. Old shorts are forced to add funds to cover (the more they lose, the more unwilling they are)

2. New shorts see the wall too thick and choose to wait and see.

3. Some shorts defect to go long (stop-loss surrender + reverse chasing the rise)

Step 3: Liquidation Massacre

After the short side splits internally, the price continues to soar.

The exchange automatically liquidates the stubborn shorts (forced closing).

At this point, the market is left with only long positions self-indulging.

Step 4: The Tragedy of Longs Killing Longs

When all shorts are wiped out, the problem arises:

1. Longs want to take profits, but no one is there to take over.

2. Large funds secretly sell out first.

3. The price suddenly plummets, and the latecomer longs trample each other.

The essence of the market is to find counter parties; someone loses money for someone to make money.

When everyone looks in the same direction, the trend will reverse.

Institutions use capital advantages + retail investor psychology to create traps.

Bull markets bury people, bear markets bury people, specifically burying the greedy and latecomers.