Five consecutive red candles closing in succession—is this a trap setting up the next move, or a genuine liquidation cascade? The setup looks brutal on the surface, but here's the thing: $33M in open interest sitting on the short side isn't exactly a thin cushion. That's real leverage waiting to get caught flat-footed. Given the current market structure, the conditions for a short squeeze aren't just probable—they're almost primed. Question is whether we'll see it materialize in the next few trading sessions or if sellers manage to extend the pain a bit longer. Either way, the imbalance is there.

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ZKSherlockvip
· 4h ago
actually that $33M short OI math doesn't quite add up the way you're presenting it... have you considered the funding rates and whether those shorts are even still solvent? because tbh the imbalance narrative everyone's peddling rn feels like treating symptom data without understanding the underlying cryptographic structure of order flow—which, ngl, is exactly how people get liquidated
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GasFeeSobbervip
· 4h ago
Five consecutive downward candles have fallen, with the bears holding a long position of 33 million... This time, either a real decline will be triggered, or a direct rebound to eat the longs. Honestly, I can't quite see through it.
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ZenMinervip
· 5h ago
Five consecutive bearish candles drop down, with the 33M short position... Is this really a rebound this time? Or will it continue to drop?
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PrivacyMaximalistvip
· 5h ago
Five consecutive bearish candles, is this really going to break through or just another trick to trap traders? The 33 million short positions are still there—this is quite a powder keg.
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GateUser-97832015vip
· 5h ago
Christmas to the Moon! 🌕
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GateUser-97832015vip
· 5h ago
Christmas to the Moon! 🌕
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GateUser-97832015vip
· 5h ago
Merry Christmas ⛄
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GateUser-97832015vip
· 5h ago
Merry Christmas ⛄
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