$BTC liquidated the shorts yesterday. During our sleep MM unwind some late longs.

105,733 traders were liquidated, the total liquidations comes in at $282.87 million.

Estimated $1,990,000,000 in long liquidation down to 76K

$1,340,000,000 in short liquidation up to 80K

Will they go for the longs or shorts next?

People always ask me: "When does it stop?"

Short answer is never. Do you go to the butcher why he is slaughtering the sheep and lambs?

Do you ask a fisherman why he fishes? Or a lumberjack why he chop trees?

Why do you ask the liquidity hunt by MM and CEX would ever stop? It is the business model. It is the foundation of the market.

You open a stupid 100x trade with the rest of the fishes and the fishing boat will arrive to harvest.

Life is that simple. Do stupid things and win stupid prices.

Be safe and God bless.