Recent market trends and liquidation data have already explained everything

In the past 24 hours, total liquidations across the network reached 540 million USD, nearly 200,000 people were forced to sell, and the market can be described as blood flowing in rivers.
More importantly, long positions accounted for the majority of liquidations, with over 240 million USD being wiped out from long traders alone, indicating a strong chasing-high sentiment, and any pullback results in a chain of liquidations.

This kind of market essentially is a typical high leverage + oscillation harvest scenario, where prices do not establish a true trend, but leverage funds are constantly being cleaned out, with rises killing shorts and falls killing longs, repeatedly harvesting.

What you see is oscillation; I see that those without risk control are just giving money to the market, which is why I always emphasize that the trader should lead the trades, with risk control always being the top priority.

Don’t blindly chase highs, don’t stubbornly hold onto the direction; take profits when needed, accept losses when necessary. Oscillating markets rely on rhythm, not gambling with life.

The market creates opportunities every day, but it also eliminates people.
Those who survive are never the ones who earn the fastest,
but those who experience the smallest retracements and last the longest.