Longs rapidly dropped while shorts rose, which is a pretty sign. The mass entry of longs now is pretty unexpected but I believe it is still . At the previous Bitcoin bottom near 3.2k, there was a massive long accumulation also. Don't be conditioned to thing that BTCUSDLONGS rising is and vice versa by the crypto community. It depends on the scenario.
Currently orderbook is on the side of the bulls.
Thanks for viewing! Keep in mind there will likely be a stop hunt of some sort so just scale in.
I bought in during the major stop hunt since i put limit orders near liquidation levels.
Some of my orders got filled and stopped out, but the one that didn't made back all the losses.
If it doesn't happen, it is alright, 4.4% is something I am happy with.
It went down as expected.