Binance: Long Liquidations Pass Short Dem by $7M, Short Squeeze Dey Near
From recent Binance data, di long liquidation dem don pass short liquidation dem by $7 million. CryptoQuant guy BorisD yarn say long liquidations reach $4.634 billion compared to $4.627 billion for short dem as of September 1. Dis flip mean say long squeeze phase fit dey finish. With downward pressure from long position don comot, market face high risk of crypto short squeeze. If price sudden bounce up, e fit force bearish traders to cover, wey go push price quick quick go up. Traders need dey watch funding rates and volume spike. High negative funding rates mean say short market overleverage and fit easily squeeze. Key support bounce or bullish cause fit trigger short liquidation wey go follow one after another. Good risk management, including tight stop-loss orders, na koko. Dis change for Binance liquidation data dey show possible bullish turn wey crypto short squeeze dey drive. Make you dey alert for market signals and manage your exposure well well.
Bullish
Di shift wey dey for Binance liquidation data—wey long liquidations pass short by $7 million—show say plenti of di pressure wey dey push market down from forced long exits don dey kpai. For history, di same kind liquidation flip dem (like for early 2021 and middle of 2023) come before quick rebounds as short sellers no expect am. Wit long positions clear, di market fit open for crypto short squeeze: any bullish catalyst or technical bounce fit force short traders to cover, wey go make price rise faster. For short time, dis fit cause more wahala as shorts rush buy back. For medium to long time, more buying pressure from forced short cover fit trigger bigger bullish trend. Traders suppose ready for quick up-swings plus adjust their stop-loss levels to manage risk during dis squeeze scenario.