On most futures exchanges, there was a squeeze up to $36,000.
Those who were building up shorts from $29,000, with leverage up to 4x, got liquidated.
Those who were building up shorts from $27,000, with leverage up to 3x, also got liquidated.
This peak at $36,000 was enough to take out the liquidations of all players with 5x-10x leverage, even with gradual averaging.
Over the course of the week, there may be distribution in the $33,000-$35,000 zone, with potential growth within $38,000. After that, a correction to $32,000-$33,000 is expected, followed by the start of the altcoin season.
Those who were building up shorts from $29,000, with leverage up to 4x, got liquidated.
Those who were building up shorts from $27,000, with leverage up to 3x, also got liquidated.
This peak at $36,000 was enough to take out the liquidations of all players with 5x-10x leverage, even with gradual averaging.
Over the course of the week, there may be distribution in the $33,000-$35,000 zone, with potential growth within $38,000. After that, a correction to $32,000-$33,000 is expected, followed by the start of the altcoin season.
