X, the most recent cryptocurrency in the cryptocurrency circle, has risen nearly 20 times from the bottom in a week.
In the last 3 minutes, it fluctuated by 60%, and then fell instantly. What was the reason?
Because the main short position was liquidated, if you are long at this time, you will find that your long order is being automatically matched by the exchange, and the price is instantly killed.
If there is no short position, then there is no meaning for the long position to exist.
If the short position does not die, the long position will not stop, and vice versa.