Everyone is long. From small fish to whales in the last 24 hours.

Funding + the excitement phase can be said to be the initial phase (1)

Long accounts 61% positions 69% (initial pump)

==> whales are injecting money to hold positions (opening long positions)

==> small coins increase by 5-10%

MM loses funding for shorts encouraging shorts

==> small fish go short against 😋 (short early) not following the crowd when the long positions are opened by whales.

==> the initial phase of small altcoins increases

Phase 2:

Btc + eth: light sw pulls btc.dom up high

MM continues to inject funding + for shorts ==> encouraging heavy shorts

==> small coins increase slightly 10%-20% small fish all long small coins

MM loses too much funding for shorts

==> small fish + whales go short against again (can still be saved if dca is possible)

Phase 3:

btc + eth: quick two-end pull pushes btc.dom up high

Quick liquidation of short small coins

==> quick light dump

==> small altcoins drop 30%-70%