This wave of decline did not have a waterfall, lasting a total of two days; currently, the long positions have been liquidated to the tune of 1.4 billion, approaching the previous waterfall market's single-day liquidation of 1.5 billion;
This is the result of eating the tail of the fish market, but the difficulty lies in the fact that many people do not realize that it is the tail of the fish, and they are still hoping for a large-scale trend to continue without any corrections;
Currently, this wave of decline in Bitcoin should temporarily stop at 95, but the bottom is still uncertain because while the liquidation data is sufficient, the holding data needs to decrease further, and the funding rate also needs to turn negative for a period of time. On the K-line, a horizontal structure needs to form at the bottom, so let's give the market some time. Short-term longs are fine, but if you want to catch a bigger move, be prepared for moving stop losses;
