The current market situation indicates that whale long liquidations are imminent, with the overall profit and loss now reduced to only $2.76 million. This development reflects ongoing volatility in the market as traders navigate complex financial conditions. The term “CZ’s Long Squeeze” suggests a significant event affecting large-scale investors, particularly those holding long positions. Liquidations could exacerbate the market’s current state, potentially leading to further declines in value. Traders are closely monitoring the situation as the stakes rise amid shifting market dynamics.
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