The sweeping like this is quite normal in an uptrend.
After checking for a while, I see that many Long positions are chasing, and the funding rate is very red.
The average funding rate is about 0.04, so the sweeping is quite normal.
Those who are Long should be worried, but Spot holders can relax.
$BTC hasn't shown any reversal signals yet, so the wave isn't over.
The Long traders are chasing until they get tired, and when asked how much it sweeps, I just have to accept it.
Usually, it sweeps right to the liquidation levels of those Long positions 🤣🤣
Today I see midcap and lowcap Altcoins starting to run strong.
===> It will run strong, and after wave 3, it will hand over dominance back to topcap and memecoins.
Additionally, it also depends on the amount of stock that MM holds. If the amount is large, then it can pull wave 5 as well.
P/S: Limit Long short Margin at this time, as it sweeps hard, you might end up crying.
#BULL-RUN #BullistMarket #AltSeasonComing #AltSeasonOnTheWay
