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#BTC
1. The large green circle in the chart is not simply "institutional bullish entry," but more likely a successful short squeeze hunt.
2. The $3.78 million active buy is very likely caused by short positions being forcibly liquidated or hitting stop-loss levels at high prices.
3. Market makers or large traders use the "forced buy" caused by short stop-loss liquidations to complete limit orders for short positions at high levels.
4. If considering shorting, the stop-loss is just above the green circle above, but I personally do not plan to intervene at the moment because the 15-minute low has not been broken with a real decline, indicating a structural reversal.
5. The trading is currently in a waiting phase...