ORDI, a coin with a low market value, has a similar amount of liquidation as PEPE, XLM, PNUT, ARB and other large-cap coins. This shows one thing: there are many people who are long ORDI. Everyone is optimistic about it, and the car is heavy.
This is like ETH a month ago. Everyone is optimistic about it. It is not that it cannot rise, but the process is a bit difficult. The bulls are almost dead, so the car is lighter.
The new coins launched in the past six months, or the old coins from 3 years ago, are much lighter.