November 4th Liquidation Report
During the weekend exchanges, we observed that below 70,000, the market showed a lightweight short trend, while the longs were relatively quiet. In the subsequent market trend, the highest point gradually fell from 698-699 to around 682-675. After the liquidation operation was gradually completed, the market began a wave of rebounds, showing that the feedback on the chain still had a certain effect. At present, the market is not completely dominated by emotions.
Recently, the leverage ratio of various institutions has been maintained at a relatively normal level and has not been too high.
Regarding the short liquidation points, the specific data are: 69276-69489, 69787, 70298, 70809 and 713-718 range (this is the last liquidation range for shorts). For long liquidation points, they are distributed in 68254, 67743, 67232, 66721 and 662-657 range (this is the last liquidation range for longs).
As far as the main data is concerned, after the short orders on the BTC chain were completely sold off last night, a long order was established at the bottom position near 67600. However, the position of this operation is rather special, that is, it was carried out by lightweight funds near 684-685. Although the market rebounded by 1,000 points, there was no obvious profit-taking and position reduction behavior, but it was suppressed by some small short orders. We will continue to observe the second batch of market dynamics.
For the ETH chain, funds have been long in the early hours of the morning, and the escape in the range of 2475-2490 has been completed. At present, there is no new increase in positions on the chain.
For intraday strategies, we believe that it is not appropriate to over-consider short-selling games in the early trading stage, especially before reaching 70,000. If the market rises suddenly, it may be difficult to get out of the trap in the short term. Bulls can pay attention to stable points, such as 674-670 and 648-652, where there are small new lows, and consider gambling.
It should be emphasized that the above views only represent personal opinions and do not constitute any investment advice. Investors should make decisions based on their actual situation and market dynamics.