$pippin PIPPIN This wave of trends has already explained everything with the data.
First, let's look at the situation on the big players' side —
Total position size 26.10M USDT, equivalent to almost 200 million USD in volume. Long to short ratio? 915.22%. What does that mean? Basically, it's a one-sided long frenzy, and the bears have effectively disbanded.
82 big players are clustered to go long, total position 23.53M, with an average cost of only 0.0765, now already showing a profit of 9.8M, with a profit rate of 81.7%. On the other hand, for the bears? 58 big players, with a position of only 2.57M, average entry at 0.0963, currently losing 682,000, a decline of -13.79%. The big short players are really bleeding now, still trying to hold on.
Next, let's look at the so-called smart money —
Total positions of traders 27.96M, long to short ratio 636%, still an extremely bullish pattern. Interestingly, 187 people are going long, while 352 people are going short, nearly twice as many short players as long players. But what’s the result?
Average long cost 0.0775, profit 9.86M, increase +75.93%.
Average short cost 0.0995, loss 912,000, decline -21.59%.
What’s the use of having more people? The total position is only one-sixth of the longs. Retail bears are almost completely wiped out.
The trading data is more straightforward —
29 big players net sold 225.51K, taking losses and exiting.
71 traders net sold 323.98K, similarly stopping losses to exit.
This is a typical rhythm of forced liquidation orders, sell orders are directly consumed by the bulls, and prices continue to surge upwards.
The situation is already very clear:
Whether it’s big players or retail, the average short cost is stuck in the range of 0.095 to 0.099. And the current price has already risen to around 0.141, creating a gap of 40% to 45% from the bear's cost line.
The cost of big bulls is extremely low, around 0.076, with thick profits, they are not afraid of liquidation. Any slight pullback is treated by the bulls as an opportunity to add positions. Want to average down for shorts? That’s just giving away money.
This round of short squeeze has already reached the latter half. Shorts now have only two options: either get liquidated or wait for zero. There’s no third possibility.
The only thing that can stop the price is if the platform suddenly spikes and forcibly liquidates long positions — commonly known as "pulling the network cable." Otherwise, this candlestick will continue to be drawn.
A very classic case of meme coin perpetual contract slaughter, a textbook level case.
