Once the liquidation data is exposed, retail investors panic collectively! $20 million liquidated in 4 hours, and the short sellers are bloodily cleansing the crypto market!

Latest liquidation data confirmed—within just 4 hours, three major exchanges collectively liquidated $19.6 million, of which over 70% were short positions! What does this mean? Large funds are crazily shorting, while the blindly bottom-fishing long positions have been cut down mercilessly!

Crushing victory for short sellers: One exchange saw liquidations amounting to $9.19 million, of which 78.6% were long positions! This indicates that a large number of retail investors were bottom-fishing against the trend and ended up being precisely targeted by the whales.

Warning of a liquidation wave: Historical data shows that when the long-short ratio exceeds 7:3, it often indicates an impending market reversal. Before the Luna collapse in May 2023, a similar liquidation distribution occurred!

Do you remember last month when BTC fell below $25,000? At that time, the liquidation data also showed a dominance of long positions, and the next day, the whales executed a counterattack, leading to a liquidation of $520 million across the network within 24 hours! The same script is being played out now...

Is there a rebound after a crash?

Follow me, at 8 PM tonight for a live stream revealing the whales' liquidation harvesting tactics, and I'll teach you how to predict long-short reversal points using on-chain data!

—— The Key to the Block, using data to see through whales' hidden cards #名人MEME热潮