84.78 million US dollars in short positions and floating losses, HTX BTC has seen consecutive large orders of the same amount

According to PRO's "Large Transaction" tracking, since 11:18 yesterday, HTX BTC/USDT perpetual has seen multiple large market price sell orders of the same quantity. These sell orders have three distinct characteristics: they are always intensive transactions; The quantity of each transaction is 50000 sheets; The position size increases synchronously during the transaction. This indicates that these are not ordinary individual orders, but more like the same main force or strategy opening short positions in batches. As of now, the main force has completed a total of 28 sell orders, totaling 1.4 million, with a position value of 84.78 million US dollars and an average selling price of 60585.3; The current price of BTC is $61615.2, and this batch of short orders is in a floating loss state. The most crucial thing next is whether these empty orders will be forced to leave. If the price continues to rise and bears are forced to close their positions, they will need to buy back, which may further push up BTC and form a short-term short squeeze; If the main force continues to add short positions and carry hard, the market will once again see large selling orders with the same rhythm. Now that PRO is activated, you can use the "Large Transaction" indicator to track and warn in real-time of large orders with the same quantity and continuous intensive transactions, and predict in advance whether the main force is continuing to carry or starting to leave. The data is for reference only and does not constitute any investment advice.