The shorts of #数字资产市场观察 may really be in trouble this time.

The data from the last 4 hours is quite interesting: short positions liquidated for 2.47 million dollars, which is 4.7 times that of long positions. Even more outrageous is the funding rate—if you open a short position of 10,000 U, you have to pay 32.6 U in funding fees every hour. What about a position of 50,000 U? That's 160 U per hour, nearly 3,000 U in a day.

What does this mean? Short positions are paying the bulls with real money.

Let's look at a few key signals again:

Short positions account for 50.6%, looking evenly matched? But every time the price rises, these short positions turn into passive buying. Their stop losses and liquidations are essentially helping to push the price up. A single-day increase of 21.7% has already made this logic very clear.

The RSI is now at 60.1, still in a healthy range, not yet at overbought levels. From a technical perspective, the upward structure is complete, and the key platform has broken through with increased volume.

If you want to participate, you can pay attention to two positions:
Pull back to the range of $0.22255-$0.23000, which is a relatively stable layout; if it strongly breaks through the previous high of $0.25267, you may consider following up with a light position.

Of course, the stop-loss line must be set: $0.17400 is the key support of the trend, and if it falls below this position, the logic changes.

For the target, first see if it can stabilize at $0.25267, then $0.26000 and $0.27500.

The characteristics of a short squeeze market are: the more the shorts resist, the tighter the spring is compressed. A pullback is not a risk; it may even be an opportunity. However, it must be said that there are no guaranteed profits in the crypto space, and controlling position size is more important than anything else.