The current situation in the market is honestly quite surreal.

A bunch of KOLs are shouting short every day, and retail investors are following suit, all targeting 75,000 — still hoping to easily liquidate the big players in MicroStrategy. What’s the result? Now, all it takes is for BTC to bounce up 4% for the 2.7 billion dollar short position to get liquidated. If it rises by 10%? My goodness, that would evaporate directly 5.5 billion dollars.

This number sounds quite scary, but the logic is actually very simple: when everyone is pushing in one direction, it is often the eve of a counter-explosion. The thicker the shorts pile up, the more fuel there is for the longs.

In history, every time there has been a surge, which one did not suddenly take off amidst a chorus of bearish voices? Now, with the current situation, the bears have already positioned themselves, waiting to be harvested; it just depends on who will pull the trigger first.