Retail long positions have once again surged above 70%—then the price dropped another 10%. This is the fourth consecutive time the same threshold has been reached, followed by a sharp sell-off. $BTC $93K. $84K. $78K. $68K. Each time these levels become crowded with long positions, they fuel the next wave of liquidation-driven declines. Pay attention to this divergence: Prices keep printing lower highs, while retail long positions print higher lows. $BTC Confidence is rising, but the structure is deteriorating. More traders are going long in weaker market conditions, at worse levels, with momentum waning. Even after recent declines, long positions have rebounded to over 71%. This is what a one-sided market looks like—liquidity accumulates where pain is most likely. The chart is not just moving. It’s feedback on positions. #Gate广场发帖领五万美金红包 $BTC
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$BTC
Retail long positions have once again surged above 70%—then the price dropped another 10%.
This is the fourth consecutive time the same threshold has been reached, followed by a sharp sell-off. $BTC $93K. $84K. $78K. $68K. Each time these levels become crowded with long positions, they fuel the next wave of liquidation-driven declines.
Pay attention to this divergence:
Prices keep printing lower highs, while retail long positions print higher lows. $BTC
Confidence is rising, but the structure is deteriorating.
More traders are going long in weaker market conditions, at worse levels, with momentum waning. Even after recent declines, long positions have rebounded to over 71%.
This is what a one-sided market looks like—liquidity accumulates where pain is most likely.
The chart is not just moving. It’s feedback on positions. #Gate广场发帖领五万美金红包 $BTC