Now an interesting moment...
Futures Open Interest soared to ATH at $22,400, Market Maker needs to make a decision to reset data. That is, having risen to $26,000 from the current ones, we will unload the data on shortists (there is liquidity there).
If you go to reset the longists from the current values (to unload the data), then the liquidations start from $19,500 to $18,000 - does it make sense to do this from the current ones? I don't think so... Since we climbed without shaving off our shorts + below $20,000 an army of institutionals is waiting to fill their bags.
I sent you a CoinBase chart to give you an idea... how much effort a market maker needs to put in to liquidate long positions or short positions.
Now it's hard to make a decision, I can only guess about CZ's plans... I hope I made it clear about the plans of the Market Maker.
Futures Open Interest soared to ATH at $22,400, Market Maker needs to make a decision to reset data. That is, having risen to $26,000 from the current ones, we will unload the data on shortists (there is liquidity there).
If you go to reset the longists from the current values (to unload the data), then the liquidations start from $19,500 to $18,000 - does it make sense to do this from the current ones? I don't think so... Since we climbed without shaving off our shorts + below $20,000 an army of institutionals is waiting to fill their bags.
I sent you a CoinBase chart to give you an idea... how much effort a market maker needs to put in to liquidate long positions or short positions.
Now it's hard to make a decision, I can only guess about CZ's plans... I hope I made it clear about the plans of the Market Maker.