TechFlow news, according to CryptoQuant analyst SignalQuant, the recent sharp drop in BTC price has severely impacted long-position holders. The scale of long liquidations this time is the largest in the past year, and we estimate this squeeze was also quite significant.
However, we cannot easily conclude that "the market will rebound after such massive long liquidations." Between August and October 2023, prices went through months of consolidation before eventually recovering.
Therefore, investors are advised to adopt a mindset of "reducing greed and being more conservative" when investing.
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