... okay, just throwing some info for you to think about. This is not an analysis of the market, just personal observations.
So look, when the market surged from 78,000 to 89,000, this event occurred when most were in shorts at that moment. And the liquidation price for shorts reached 60 billion. Yes, when the market moved up, not everyone was liquidated; some closed, and some added (but later regretted when the price reached 100,000), yet still, the majority ended up in the negative, and at that huge moment of mass liquidations and position closures, the price was pushed even further up (you understand what happens when a position is forcibly closed) and FOMO kicked in for other traders, adding even more hype.
What I'm saying is: large market fluctuations are usually a movement in the opposite direction of the trend toward greater capital liquidation, and I've noticed that this minimally occurs when the total amount of liquidations exceeds 30 billion.
So, what we have right now is only 19 billion in total. That means the downward trend will likely continue; in my opinion, all major players and market makers are waiting for a larger pool of money to accumulate. They are confidently and slowly pulling people's money into shorts, and they will continue to do so until they gather a somewhat pleasant sum overall and shift the market in their direction. I think this could start again when the liquidation volumes reach more than 30 billion. So if you are waiting for a radical market growth above 110,000, in my opinion, it is still too early, but we are already close.
The same thing happens when the maximum panic crash begins - during significant FOMO, when the price is skyrocketing, everyone jumps into longs, massively buying the coin (in this case, BTC), and again, when the liquidations on long positions at some point reach 50 billion or more, the market will collapse, close, and those who were smarter, quicker, and of course richer will become even richer, quicker, and smarter.
