$BTC In principle, the injection on October 10th should have wiped out nearly $20 billion long positions, and the price should have risen, similar to 312 in 2020 and 519 in 2021.
$BTC The Dow Jones turned positive, and the Nasdaq also cut its losses in half. If the US stocks open high and then decline in the evening, Bitcoin will directly go to 85,000.
$BTC The interest rate cut is pretty much a done deal, now it's just up to Powell's speech. When all the good news is out, it becomes bearish. Let's see what happens on the 11th.
There are very few short positions above $BTC , but a terrifying number of long positions. If it goes to 83,000, hundreds of millions will be liquidated.
$PIPPIN went up from 0.019 to 0.35, nearly 20 times, so there's room to drop—refer to aia for comparison. However, the fees are enough to give the shorts a hard time. In short, shorting simply won't make money.