Short sellers have just been buried alive, don't rush to become the next batch of fuel!
In the past hour, 97% of liquidations came from short positions. ETH rebounded above 2,400, causing a short squeeze; 99.8% of ETH liquidations within the hour were short sells. In the last 24 hours, the entire network saw liquidations of 341 million, with longs at 187 million and shorts at 154 million, both sides getting squeezed.
$BTC current price is around 82,400. The dense liquidation zone is between 82,800-83,200, with the heatmap showing ample liquidity near 83,000. The short-term support lies between 81,550-80,800; losing 80,200 and the psychological 80,000 level would expose vulnerability. Strategy: light long at 81,800, stop loss at 81,400, target 82,800; short near 83,000, stop loss at 83,400.
$ETH current price is 2,420-2,433. The 2,360-2,400 range is a strong support zone tested multiple times, while heavy resistance exists at 2,450-2,460. ETFs have seen outflows for three consecutive weeks; BlackRock's ETHA withdrew 299 million in one week, but a whale accumulated 166,000 ETH near 2,500. Strategy: light long at 2,390, stop loss at 2,370, target 2,450; short at 2,460, stop loss at 2,480.
Today's options expire, with BTC's maximum pain point at 82,000 and ETH's at 2,440; market makers have incentives to pin prices near these pain points.
Shorts have just been cleaned out, longs don't rush to take over. Survive today, then discuss direction.
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