Just finished placing an order at the current price, it dropped a bit, are you panicking?
It's okay, isn't there a liquidation map?
It's too obvious, this is a short squeeze market!
Normally, the whale would liquidate the opposing leverage.
However, based on the current positions,
the short positions are not only dense but also all above.
If the shorts do not close their positions and exit, the price will not rise,
the cost of pushing the price up is too high, and the prolonged tug-of-war is not good for the whale. So it needs to sell off to force a short squeeze.
Whoever gets the bargaining power in the dense area can dominate the market.
