Post

Those who shorted actually lost more these past two days. In the past 24 hours, the entire network liquidated 300 million. Shorts liquidated 180 million, longs only 121 million. Shorts lost nearly 60 million more than longs. Logically, BTC dropped from 87,000 to 84,000, so short sellers should have made money. Instead, shorts suffered even worse losses. ETH is even more obvious. ETH shorts liquidated 40.37 million, longs only 22.52 million. The amount liquidated on shorts is nearly twice that of longs. Why do shorts get liquidated more when prices fall? Because some chase shorts. BTC fell from 87,000, looking like it would drop further, so many rushed in to short. But when it rebounded near 84,000, those chasing shorts got liquidated. It’s always like this. When prices rise, those chasing longs get trapped; when prices fall, those chasing shorts get liquidated. You think you’re following the trend, but you’re actually chasing highs and selling lows. True trend following means waiting for confirmation before acting, not rushing to short just because prices dropped. This time, more shorts got liquidated than longs, indicating more people were chasing shorts than longs in the market. Everyone was betting on further drops but got slapped by the rebound. My own strategy is simple: don’t chase. Don’t chase longs when prices rise, don’t chase shorts when prices fall. I wait for the market to move on its own before deciding whether to follow. How about you? These past two days, did you get trapped going long or liquidated going short? $BTC $ETH