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Bitcoin surges to 79,400, but shorts are aggressively adding to positions!Is this trying to force a liquidation of the longs?
Last night, Bitcoin hit a high of 79,472 USD, directly crushing the shorts to the ground
Long positions were liquidated for 339 million USD, 4.4 times the long positions, shorts were wiped out
In the past 7 days, shorts paid longs 12 million USD in funding fees alone, earning the nickname "inverse philanthropist"
Even more outrageous: mainstream platforms also have negative fee rates, indicating many are shorting against the trend at high levels, treating the rally as a rebound
Suggestions:
Don’t follow shorts in going against the trend: high funding fees turning negative doesn’t mean a drop, it could be a prelude to a short squeeze; catching the top is deadlier than chasing the rally
Don’t get shaken out by volatility: before the bullish trend breaks, retracing to add longs is more stable than chasing the high; don’t let shorts’ contrarian moves influence your judgment
Risk management always comes first: regardless of long or short, in high volatility markets, position size and stop-loss are life-saving tools; don’t hold heavy positions and endure large swings $BTC