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@OFF_Synthesis Any good data from the FTX price action?

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10million CEL shorts. Not all were liquidated but I'm sure most of it like 7 million average price is bellow 0.62. Shorts will try to keep triggering buyers stop losses (which is a sell order) at bottoms so they can cover on it.

-_Synthesis_-
screenshot 10million CEL shorts. Not all were liquidated but ...

So whoever is buying, do not leverage. The game here is to try to make buyers exit their positions using a sell order. Shorts must BUYBACK to pay their lender. So if you are long and you get stopped out, you are sending a sell order in the hands of shorters that need to buyback.

Divine Fung
Where can i find this in FTX?

https://ftx.com/intl/spot-margin/lending

-_Synthesis_-
So whoever is buying, do not leverage. The game he...

Also if you check out the last squeeze 2 days ago, perpetual did not spike up like spot, spot went to $2.50 while the futures only went up to $1 on FTX

Crypto J
Also if you check out the last squeeze 2 days ago,...

Yes. By buying spot, it increased futures-spot spread the the interest becomes even bigger making shorts bleeds from both spot and futures

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