MICA Daily|Is the bullish trend just a shakeout before a rise? Last night, both bulls and bears were wiped out, with $150 million in positions liquidatedYesterday was generally the first active trading day after the European and American Christmas holidays. Although market liquidity was still in holiday mode close to New Year's Eve, the cryptocurrency market at least broke out of the narrow range of USD, which had been oscillating around 88,000 USD. In the afternoon, it once surged past 90,000 USD, triggering nearly 110 million USD in short position liquidations. However, the rally didn't last long. Similar to the multiple ups and downs in December, the market fell back to 87,000 USD during the US market open, liquidating nearly 40 million USD in long positions, resulting in a classic long-short squeeze.
This strange pattern has been discussed several times before. Since the second half of the year, the crypto market has been dominated by this kind of "liquidation trend." As December progressed, this pattern became even more apparent. Due to the proximity to Christmas, some jokingly referred to this candlestick pattern as a "Christmas tree structure," which appeared frequently during the holiday period. However, due to the liquidity drying up in the crypto market,
区块客·2025-12-30 05:50