Just now, the market released a 'bloody' data warning: 54,329 people were liquidated, with $144 million evaporated! According to Coinglass data: in the past 24 hours, the total liquidation amount across the network reached $144 million, with long positions liquidated at $37.09 million and short positions liquidated at a staggering $107 million. The largest single liquidation occurred on Binance BTC/USDT, amounting to $13 million.
This is a day when 'ordinary people are harvested,' and also a window of opportunity for 'swing traders to net their gains.' Especially since the number of short liquidations for BTC and ETH is significantly higher than long liquidations, indicating that this round of sell-off was a premeditated strategy to wash out shorts, rather than a technical correction!
Additionally, according to on-chain data from Glassnode, over 27,000 BTC flowed out of exchanges in the past 24 hours.
What is the main force doing? Secretly buying amidst the emotional plunge! This is not a surrender-style 'stop-loss escape,' but rather a whale's 'technical bottom fishing,' quietly accumulating during the liquidation storm to prepare for the next round of market movement.
In fact, the structure behind last night's market movement was very clear: short positions were liquidated far more than long positions, a typical washout of shorts without touching the longs. The candlestick technical pattern of 'false breakout' induced retail investors to give up their chips. This is definitely a script, a rebound gift prepared by the main force for those who understand the market! Last night, Old Chen also sensed the opportunity and had his fans and friends ambush a wave. Made a small profit of 90 points.
This kind of market is exactly the golden window for swing trading, but remember: it’s not about desperately going long, but rather 'selling high and buying low, quick in and quick out.'
Combining liquidation data + on-chain dynamics + market behavior, let's talk about swing trading opportunities:
BTC: Key support at 114000, if it does not break, it serves as a 'rebound' springboard, aiming for a space of 1000 points upwards. (Note: There are 5000 short positions pressing down at the 115000 level)
ETH: Focus on 3500, short momentum has been released, a low-volume pullback that does not break is a buy point, and we can pay attention to high-turnover platform coins and follow the opportunities.
Note: The current market is not suitable for all-in bets or chasing highs; it is only suitable for two things: finding positions and waiting for sentiment.
Follow me to identify turning points during the plunge, bottom-fishing without becoming cannon fodder, and I will teach you practical survival skills.#加密市场反弹
