The events in the night futures markets clearly showed how one-sided the market has become.
๐ $875 million worth of liquidation occurred.
Of this, $787 million came from long positions, and only $86 million from short positions.
Approximately 250,000 investors lost their positions within a few hours.
In the past, for exchanges to provide gains of this scale, it would require months to push the market up,
a coin would need to increase 10โ20x.
Today, however, a 10% pullback in high-volume pairs like $BTC $SOL and $XRP is more than enough.
The futures side has transformed into a crowd that pressures prices rather than follows them.
With every small drop, hundreds of thousands of long positions are wiped out,
but the vacant spots are instantly filled with new longs.
As long as this imbalance continues, the path will be painful.
However, once these cleanups are completed,
when leverage appetite is tempered,
the market will find its way again.
The conclusion remains unchanged:
Not by forcing, but by digesting... the market will rise again.
๐ $875 million worth of liquidation occurred.
Of this, $787 million came from long positions, and only $86 million from short positions.
Approximately 250,000 investors lost their positions within a few hours.
In the past, for exchanges to provide gains of this scale, it would require months to push the market up,
a coin would need to increase 10โ20x.
Today, however, a 10% pullback in high-volume pairs like $BTC $SOL and $XRP is more than enough.
The futures side has transformed into a crowd that pressures prices rather than follows them.
With every small drop, hundreds of thousands of long positions are wiped out,
but the vacant spots are instantly filled with new longs.
As long as this imbalance continues, the path will be painful.
However, once these cleanups are completed,
when leverage appetite is tempered,
the market will find its way again.
The conclusion remains unchanged:
Not by forcing, but by digesting... the market will rise again.