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Large Short Position Hit 📉
Yesterday afternoon, a major move occurred on a certain trading platform: a short position of approximately $4.38 million in BTC was liquidated at the $97,386 level. Such a large short is not a small-scale event and is enough to stir short-term market sentiment.
Market sentiment has clearly shifted, with big funds choosing to short at this level, releasing many pessimistic signals. Whether this wave of shorts can be maintained depends on BTC's performance in the next few days. Worth paying close attention. 🔍