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🟢 #LAB $LAB
#WriteToEarnUpgrade Short Position Liquidation Analysis
According to the latest on-chain data, LAB experienced a short position liquidation of approximately $5.2165K when the price approached $0.1152. This phenomenon indicates a sudden increase in buying power in the market, causing the price to rebound quickly, resulting in some short positions being unable to stop losses in time and being forcibly liquidated.
From a market structure perspective, small-scale but concentrated short position liquidations often signal a change in short-term sentiment. If subsequent trading volume continues to expand, it may attract more short-term capital into the market, pushing the price to further test upper resistance levels. However, it is important to note that the current liquidation amount is still within a relatively limited range and is not enough to confirm a trend reversal.
Overall, LAB is still in a high volatility phase, and traders should closely monitor price and volume changes while reasonably controlling positions and risks.
⚠️ Risk Warning: Cryptocurrency assets have high volatility; the above content is for reference only and does not constitute any investment advice. Please make cautious decisions.