💥 Short sellers burst overnight! Bitcoin soars to new highs, don't say you're still watching from the sidelines
This wave of Bitcoin's powerful surge is actually the result of multiple factors colliding, directly sending a batch of short-sellers onto the 'liquidation train'.
The most critical point is — the market's selling pressure has clearly weakened. Data shows that the amount of Bitcoin flowing into exchanges has dropped to the lowest point since April 2015. In simple terms, no one wants to sell, and there are fewer sellers; when buying pressure comes in, it easily pushes prices higher. #山寨季何时到来
At the same time, a large whale on Binance suddenly placed a huge buy order, directly igniting the bullish engine, triggering a series of short stop-losses and liquidations, and the market was instantly ignited.
The lack of selling liquidity in the market + large orders stimulating + too many short sellers; when these three factors collide, BTC skyrockets.
