$BTR Today’s dump and sell-off—I think it’s worth talking about properly.
In 24 hours, it fell from 0.1688 to 0.08226, a drop of nearly -40%. This isn’t a normal pullback; it’s almost a halving.
What’s interesting is this: currently, 62% of people in the market are holding no position (betting on the decline), while only 38% are holding long positions. This means most people have already taken the short side.
When bets are lopsided like that, price is actually more likely to move in the opposite direction—because the more short positions there are, once there’s even a modest rebound, many short traders are forced to stop out and add margin, which further pushes the price up. This phenomenon is called a “short squeeze.” It may or may not happen, but the probability can’t be ignored.
Also, the trading volume is 248 million USDT. For a small coin priced around 0.09, that’s a very large turnover. It indicates that a lot of capital is moving in and out at this level—not a quiet, empty dump, but rather that someone is stepping in to buy.
Recently, the K-line has been printing consecutive bearish candles, and the near-term momentum is indeed weak. But I’ll watch two things: first, whether support around 0.082 can hold (today’s low); second, whether the volume starts shrinking from a low level—volume contraction is what truly suggests selling pressure is decreasing.
If you don’t have a position, I don’t recommend chasing shorts. After all, 62% of people are already ahead of you on the short side.
$BTR #空头拥挤 #62%空仓
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