2025-12-04 07:30:17

#美SEC促进加密资产创新监管框架 In the past couple of days, there has been obvious continuous inflow of large funds.

Over $1 billion worth of short positions were directly wiped out, and the market sentiment flipped in an instant. As of this morning’s US stock market close, the price has already surged to a new high of 94,150, successfully holding above the 93-94 range that had been acting as resistance.

Looking at the daily chart, the double bottom pattern is very clear, and the neckline has been broken. This move should at least reach the upper boundary of the daily chart around 96,000. In terms of the bigger picture, the trend hasn’t completely reversed yet—if there’s another breakout with volume, short sellers will have to look at the 97,000 level for resistance.

It won’t be too late to consider shorting after waiting for a pullback then.

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ImpermanentTherapist

· 1h ago

$1 billion in shorts got liquidated just like that? The pace is really fast and ruthless. 96k feels just within reach; better be careful not to chase the top.

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NFTHoarder

· 12-04 07:49

Damn, a 1 billion short position was wiped out and the trend reversed immediately. This pace is pretty intense. Are big institutions frantically buying in?

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OPsychology

· 12-04 07:46

This $1 billion short squeeze was really ruthless, it instantly turned the market around, pretty intense. There really needs to be defense around 96000, but the key is whether it can truly break out with volume. Wait for a pullback to enter, no need to chase the high, play it safe.

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TokenDustCollector

· 12-04 07:40

Damn, 1 billion in shorts got liquidated, that's really ruthless, the big players are truly big players. Wait, is the SEC framework really going to change this time? Or is it just another trick to fleece retail investors? 96000? I can't bet on that, but I'll definitely watch how things play out at 97000.

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staking_gramps

· 12-04 07:37

$1 billion in short positions got wiped out, that’s definitely a bold move. The big institutions must be preparing a major play. 96,000 isn’t just a dream, right? Once the neckline is broken, there’s not much resistance left. It might get stuck around 95k though. But I won’t get too excited before 97k. This phase mainly depends on trading volume—if the volume doesn’t keep up, nothing else matters.

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MysteryBoxBuster

· 12-04 07:31

Large funds entering the market really make a difference—10 billion in short positions were wiped out in one go, that's a bold move. If 94150 holds steady, it shows the bulls still have confidence, and the 96000 level is definitely within reach next. Both double bottoms have been broken, so it's still too early to short on a pullback; we need to wait for the resistance level.

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