Continue to surge, the futures market is experiencing liquidation! 🔥
According to Coinglass data, over 119,600 people have been liquidated in the past 24 hours, with the liquidation amount of short positions reaching as high as 285 million USD! In the past 12 hours, 240 million has been liquidated, 77.1 million in the last 4 hours, and another 14.54 million in the last hour. Ethereum briefly surged to 1968, approaching the 2K mark, eager to try; while Bitcoin's intraday high pointed directly to 99863, just a step away from 100,000!
Many believe that 100,000 and 2000 are strong resistance levels, and a pullback is imminent, leading many to short. But have you really thought it through? The weekly K-line resistance is still far, and there is room for a rally on Friday; however, by Saturday and Sunday, the lack of liquidity will increase the chance of a pullback.
Shorting? No hurry, waiting might be more rewarding! 🚀
