This liquidation chart reveals the shocking harvesting plan of the main players! Understanding it = saving your life!
The liquidation data is the market's blood test report, every drop of blood tells the truth! This chart exposes that the main players are crazily harvesting retail investors!
ETH liquidations of 12.57 million USD! This amounts to over 90 million RMB turning to ashes! The last time such a massive liquidation occurred, ETH plummeted by 23% in a week!
The battle between long and short positions on three exchanges is reaching a fever pitch! One exchange has 64% of short positions liquidated, indicating that the main players are violently squeezing the shorts! But remember, after liquidating the shorts, it often leads to liquidating the longs!
The liquidation volume of ETH is 4 times that of BTC! This indicates that funds are concentrating on strangling Ethereum contract players! Especially the 8.08 million USD liquidation concentrated on a certain exchange, which is definitely a targeted demolition!
Last week, a similar situation occurred when a major player’s 10 million USD long position was liquidated, and the market immediately reversed and plummeted! This is a typical strategy of "killing the longs after killing the shorts"!
Although there are many short liquidations, the long and short ratio is nearly balanced! This indicates that the market is about to change direction! Either a violent surge will continue to liquidate the shorts, or it will directly crash and liquidate the longs!
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