📌 What is "Long Killing Long"?

This is one of the most brutal situations in the market.

It is not a victory for the bears, but rather a process where the bulls step on themselves.

It usually occurs in the following scenarios:

1. Bullish sentiment is extremely unanimous (contract long-short ratio > 2, everyone is going long)

2. Structurally, it repeatedly creates "false HL" (making you think it's a bottom)

3. Key support is broken, triggering a chain reaction of stop-losses + liquidations

4. The main force does not need to short; it only needs to abandon market support

Then the price falls like gravity out of control... dropping deeper, faster, and more despairingly than you can imagine.

🎯 $WIF has such hidden risks:

When the price retreated from yesterday's high, the WIF contract long-short ratio was still as high as 2.5+, and large holders were still adding positions;

In terms of K-line structure, it seemed to hold the HL, but in fact, it was a trap for bulls before breaking down;

When 1.096 was pierced, a chain reaction of stop-losses + liquidations was triggered, and the price plunged through support in one go;

Data side confirmation: trading volume decreased, CVD rebound was weak, funding rates continued to favor longs, with no desire to catch the falling knife, only passive selling.

This is a typical "Long Killing Long":

It's not that the bears won; it's that the bulls are stepping on each other in a desperate escape.