It's clearly a deliberate liquidation, targeted demolition!
Bitcoin first reached the 106,600 range at 8 AM yesterday, and two hourly bullish candles liquidated 25 million to 65 million dollars in short positions. However, from 10 PM last night to around 3 AM, only 30 million dollars in short positions were liquidated!
During the first liquidation, Ethereum was balanced between longs and shorts, with over 10 million dollars liquidated, while the surge around 1 or 2 AM, synchronized with Bitcoin's second surge, liquidated nearly 45 million short positions!
Bitcoin and Ethereum are in a tug-of-war liquidation; don't you understand this rhythm? It's a specific pattern for reaching a peak! Recently, don't even think about the previous highs, just honestly look for a pullback!