<@everyone

@Market update

As I have discussed in the updates recently,

The market was heavily shorted by retail and longed by big players.

That's why you've been seeing top liquidity sweeps with wicks, but bottom liqudiity sweeps with BODIES, cuz the upside liquidyt is absorbed by the big player, but the bottom side liquidity? phufft.. no absorber there, so price dominated that side.

anyways, during the drop, longs were liquidated, these arent just any amount of long liquidations, the last event like this was on 10th apr 2025, when btc dropped from 81312 to 78559 in an hour, dropping $2500 in an hour.

now that his happened, and as I was expecting this to happen during the next week, I was expecting more longs will be opened around the 108k area, and that's what happened. so, we have accumulated more liquidations on the upside now, around 1.1B of longs across all exchanges till 112987. so If the charts end up going there, expect 4h chart to produce bear divs on RSI.