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Meilin (美林 / 美琳)
$BTC
There simply is no downside liquidity left to be hunted
With yesterday’s dump into the 73k region, the final cluster of long liquidations has been taken out, leaving only roughly 1B in long liquidations down to 71k
A move back towards the highs around 87k, on the other hand, would trigger roughly 11.5B in short liquidations
Major reversals usually happen when most market participants aren’t positioned for them.
So, considering the current level of uncertainty in the market
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