OnchainCapital

Over $2.25 billion in crypto short positions will be liquidated if Bitcoin price rallies $80,000.

Shorts are stacking up over the weekend, divergences forming, liquidity pools building above and below. Classic setup where both sides get wrecked before the real move. Betting on a direction here is just donating to market makers.

Massive dump incoming $BTC $ETH $BNB

$NVDA extends gains to 5% on the day and officially hits $5 trillion in market cap.

$ETH The Ethereum Foundation sold 10,000 ETH via OTC to BitMine, with proceeds funding protocol R&D, ecosystem development, and community grants.

A big move is coming.

$BTC dumped to $77,100 yesterday after the $79,400 pump on Tuesday, liquidating $208M longs!

That's now $316M liquidated in the past 24 hours!!!

Now, $74,500 - $76,500 has sizable liquidity that could be swept.

However, $78,500 - $82,000 above has slightly larger liquidation clusters built up, making this the 'more likely' area to visit next from a liquidity perspective.

Bears could be in trouble.

Did exactly that

Unbelievable

Every time the market grabs longs, the retail mass shorts.

This gives MM incentives to run it back up again.

$BTC might be pulling back any day now with the US stock market. But it looks like a lot of people are shorting again.

The market is not a charity

$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.

$GRIFFAIN liquidity sweep is why taking profit, setting stoploss, derisking your trade after it goes to profit is important not caring what happens after.

Lots of you guys think trading is complicated.

And I understand you, because if you experience things like what just happened to $GRIFFAIN if you're not mentally strong and disciplined you will quit crypto trading saying it's highly volatile and manipulative.

If you say that, you are right and wrong at the same time.

Here is why.

The market and price movement isn't meant to control you.

Your discipline, strategy and trading plan should.

Take for instance, my Profit taking strategy I follow routinely state that hence a trade hit 200% pump on futures, I will immediately take 50% of my profit and derisk my capital by moving my stop-loss to entry.

I do my best to stick to it always although sometimes I adapt.

However, if I take profit or any trade hits stoploss, I move into the next, I don't have time to mourn stoploss or regret profit I didn't take because I always do.

But most of you won't develop a plan, a strategy and even as common as trading rules that's why charts 📉 movement, manipulation and liquidity sweep often mess with your emotions.

Soon you will be exhausted and quit that's if you didn't get liquidated.

That's not trading bro, it's called gambling, and nobody ever made a consistent significant life-changing money approaching trading that way.

Gamblers will start longing $RAVE thinking it will bounce back instantly.

If it does bounce back with 20% they start jumping that their gambling spirit pays.

But then next jump, the 20% they printed will be taken from them and even part of their capital if not all their capital.

It's always a bet to ruin people with bad and addictive habits.

It's what Trading is about

Identifying vulnerability in people's trading actions and exploiting it.

Whales are not to be blamed.

They have the capital

They're using it.

Everyone in every industry uses the unique advantage they have over others.

Fighting whales for manipulating a coin isn't the right way to go if you want to be a profitable trader

Developing and improving skills to help you move with whales should be the focal point.

While you are busy judging whales for manipulating $RAVE 🐳

Other retail traders like you are busY printing from the same RAVE.

I knew $RAVE will become $ARIA

But I'm a responsible trader.

One of my strict trading rules is not to ever take entry or buy a highly manipulated token midway if I didn't buy at bottom before the pump.

It's why I can never lose the kind of stupid losses some gambling traders make.

To be honest Zach, I think he is chasing the wrong thing.

Clearly from his post, he is fighting for retailer traders who often get liquidated when manipulation like that of $RAVE, $SIREN, $MYX, $COAI, $PIPPIN, $RIVER, etc. is executed.

The right thing is to center awareness on warning retailers to stay away from trading tokens with high volatility.

Actually, it's not his job to do that. Every trader from day one should learn the high risk involved in trading highly volatile tokens.

My take is simple, the whales who manipulate the tokens are not the problem.

The problem is retailers who can't keep their gambling habit at bay.

Who goes about FOMO in pumped projects thereby becoming exit liquidity.

People like myself with the skill and competence to spot these tokens on time and position before the pump don't see these things as bad play.

But also, disciplined enough to avoid such tokens if I don't spot them early.

If you scroll through my timeline, using the cashtag of all the tokens you mentioned on your post and many more you didn't mention that pumped to multiple hundreds of millions market capitalization and billions, you will find out I called all of them before they all pumped.

Manipulation and volatility are part of what makes the market.

Informed trading decisions are what retailers should focus on.

$BTC $ETH $BNB

Dumping continues, who do you blame next? It was CZ now its Jane Street. $ETH
$BTC

Nothing like Jane Street. This is how market works nowadays

FUD

Stupid

The next dump will be harder. Protect your capital $ETH $BTC

Everything should go to $0, we start afresh.
$ETH $BTC