There has been maximum liquidation on the long side.
The most painful part for traders who got liquidated is that in 3–4 days, the market will fully recover. Those traders will return, but this time they will keep shorting the market.
As a result, the market will continue to pump higher and higher.
I know there is tension between Iran and the USA, but nobody actually wants a war. Trump also does not want a war, because it would hurt the US badly and increase its debt even more.
Most likely, Iran and the USA will reach a deal.
Those who survived the dump can hold their positions with lower leverage. The market will recover completely in February .
BULLAUSDT
Perp
0.007256
-6.20%
SLP
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CAKE
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