#数字货币市场回升 This round of long positions and short positions squeeze is a bit brutal - in the past 24 hours, short positions directly evaporated 35.51 million USD, which is 263 times the losses of long positions. This data is here, and it is no longer an ordinary price fluctuation.

**First, let's look at a few key signals:**

The position data shows that long positions are clearly dominant, and short positions are experiencing a series of liquidations. This extreme imbalance between long and short positions often indicates that the one-sided market is not over yet. In addition, continuous inflow of contract funds indicates that this wave of increase is not a false rally, but is supported by real money.

The most interesting aspect is the liquidation ratio - when short positions are liquidated on such a large scale, their stop-loss and forced liquidation orders turn into buying pressure. In simple terms, the worse the short positions fare, the stronger the momentum for the long positions.

**If you want to participate, this is my thought:**

Wait for it to retrace to the range of $34.7-$35.3, which is the short-term support zone, suitable for building positions. Set the stop loss below $34.4, don't be soft-hearted.

If the price directly breaks through the previous high of $36.36, it will confirm the second wave of increase, and you may consider adding positions to follow up. The initial target is $37, and after breaking through, look at $38.

**But one thing must be clarified:**

In the current extreme long positions market, the most dangerous operation is to short against the trend. Don't be tempted to time the top just because of the large price increase; the data on short positions liquidations has made it very clear—until the trend reverses, shorting is just giving money to the market.

Liquidity can sometimes be more important than technical analysis. It's more accurate to look at the data than the candlestick charts to see where the funds are flowing.