In the past 12 hours, liquidations reached $164 million, with long positions being the main players!!!

In the last 12 hours, the total liquidation amount across the network was as high as $164 million, with long positions contributing over 92% ($151 million), while short positions liquidated only $13.5 million.

This means that the market suddenly reversed, and bulls were severely 'harvested', indicating that the rebound sentiment may not have yet found a solid footing.

This is a typical case of 'longs killing longs'; high leverage, no stop-loss, and blind FOMO are traps that retail investors easily fall into.

The market is never short of opportunities, but what gets lost is patience and discipline.

Next, we should be more vigilant: is the rebound a false spring, or a true breakout after accumulation?