Recently, the most aggressive riser in the crypto circle, X, has increased nearly 20 times from the bottom in a week.
In the last 3 minutes, there was a 60% fluctuation, followed by an instant drop. What was the reason?
Because the short sellers were liquidated. If you were holding a long position at this moment, you would find that your long order is being automatically matched by the exchange, and the price drops instantly.
Without shorts, there is no meaning for longs.
While shorts exist, longs persist, and vice versa.