Great. The futures position turned from an unrealized loss | Jeong Young il on Binance Square

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Great.  The futures position turned from an unrealized loss into an unrealized gain.

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The Whale's Playbook: Step-by-Step Scenario 1. Inducing Fear (Breaking Support) The whale intentionally breaks a key support level just slightly. This "fake-out" creates immediate panic and anxiety among retail traders, making them doubt their long positions. 2. Chain Liquidation (The Squeeze) As the price drops, it hits the stop-loss and liquidation prices of long positions. This triggers a domino effect—forced selling leads to more price drops, which leads to even more liquidations. This is the peak of the Long Squeeze. 3. Capturing Profit & Liquidity During the vertical drop, the whale closes their short positions for a massive profit. Simultaneously, they "absorb" the flood of forced sell orders at the bottom, filling their own buy orders at a deep discount. 4. The Reverse (The V-Shape) Once the "weak hands" are cleared out and the whale has accumulated enough liquidity, the selling pressure vanishes. The market then reverses and starts a fresh uptrend with a much "lighter" order book.

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Here is the comprehensive explanation of why market makers or "whales" trigger a Long Squeeze, written in professional trading English: Why Market Makers Trigger a Long Squeeze In the crypto market, a Long Squeeze is a deliberate move to force long-position holders out of the market. The dominant players (whales or market makers) benefit from this in three primary ways: 1. Profit Maximization on Short Positions The most direct benefit is the profit from their own pre-established short positions. By driving the price down sharply, they trigger a chain reaction of liquidations. These liquidations act as forced market sell orders, which accelerate the price drop without the whale having to spend more capital to push it down further. 2. Liquidity Grab for Massive Buy Orders When a whale wants to enter a massive long position, they need an equal amount of "sell liquidity" to fill their orders without causing a massive price slippage. By triggering a Long Squeeze, they force retail traders to liquidate. These forced liquidations provide the massive sell volume the whale needs to buy up the coins at a much lower, discounted price. 3. "Cleaning" the Order Book (The Shake-out) A chart becomes "heavy" when too many retail traders are long. These traders will eventually sell to take profits, creating resistance as the price moves up. A Long Squeeze clears out these "weak hands" and high-leverage positions. Once the market is "light" and the excess long interest is gone, the whale can push the price back up with much less resistance. Key Takeaway for Your Current Situation

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What the... After I switched, $PIPPIN price is dropping!

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Closed all shorts on $pippin Switched long.

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I closed half of my short position, and since I’m in Hedge Mode, I can hold long and short at the same time. Closing the short freed up about $4 in available margin, so I opened a long position. I’m now holding both long and short simultaneously.

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