The price of large pancakes has reached a new historical high, and all short liquidations have been cleared!

The current 3-day liquidation chart shows that there has not yet formed a large accumulation in the upper short liquidation area, while the lower long positions awaiting liquidation have formed multiple large accumulations: 11000 level 142 million, 108400 level 174 million, 107941 level 165 million, 107758 level 171 million, 107299 level 184 million, with a total of 836 million awaiting liquidation!

At this time, continuing to chase long positions requires caution; if the whales choose to sell, the longs will bleed heavily!

In the short term, a period of oscillation and correction is needed to attract more and more shorts to enter the market.

Currently, if the speed of long position accumulation exceeds that of the shorts, it will be difficult for the price to maintain a strong upward trend; instead, it will likely revert to a prior pattern of some oscillation, clearing the longs before rising again.

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