Deep tide TechFlow news, according to CryptoQuant analyst SignalQuant, the recent BTC price plunge has dealt a serious blow to long position holders. The size of this long liquidation is the largest in the past year, and we estimate that this squeeze is also quite significant.
However, we cannot easily conclude that the market will rebound after experiencing a massive long liquidation, because from August to October 2023, the price experienced several months of adjustment before rebounding.
Therefore, investors are advised to maintain a "less greedy, more conservative" mentality in their investments.
