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🔥 $BTC Violent surge of 5%, but smart money is quietly fleeing?
This wave is quite ruthless.
Bitcoin surged directly to $67,301, breaking through all key moving averages, with a trading volume of 40.8 billion and a net inflow of 58.6 million. It looks great on the surface.
But looking closely at the data, it gets interesting:
Shorts were crushed badly. $196 million in short positions were liquidated, with $105 million in BTC alone. These people cut their losses and added fuel to the rise.
But what is smart money doing? The long-short ratio dropped to 0.31—large short holders have 3.3 times the positions of longs. What does this mean? The big players have already started to position for a short.
Even more surreal: Fear Index at 11, extreme fear. Retail investors are still scared, but ETFs are aggressively buying 257 million. This contrast is quite split.
The technicals are even more exciting: RSI hit 86, in the overbought zone. When was the last time it was this high? It often indicates that a short-term correction is on the way.
The 66,000 level is the line between life and death; if it breaks, it could be over; the 68,000-69,000 level is the ceiling, if it can't break through, it's the top.
There's another bomb: 54% of longs are trapped around 77,000; if this level gets close, selling pressure could drop at any time.
So this wave, is it a reversal or a trap for the bulls?
My judgment: The emotional bottom has passed, but the technicals need to digest. For those wanting to get in, wait for a pullback to around 65,000 before considering. Chasing now? Be careful of becoming the next person to be liquidated.
What do you think? Let's see the truth in the comments.
Customer service Xiao He sends the closing command red envelope for welcoming the God of Wealth, wishing everyone a smooth and safe new year, full of happiness and blessings for the spring. The most popular morning abbreviation everyone loves to send (two capital letters) The Roman numeral for the number 11 (two capital letters) The first two letters of "yummy"(two capital letters) The first letter of the English word for "future"(one capital letter) The first letter of the English word for "value"(one capital letter) Red Packet Code: The most popular morning abbreviation everyone loves to send (two capital letters) The Roman numeral for the number 11 (two capital letters) The first two letters of "yummy"(two capital letters) The first letter of the English word for "future"(one capital letter) The first letter of the English word for "value"(one capital letter)