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I just quickly closed the long positions and did a margin replenishment. Let me review the logic behind this operation.
With BTC's liquidation distance only at 0.87%, the mark price has been in a downward trend for 4 hours (EMA20=93138 vs current price 91463), the positions and trends are completely misaligned—sentiment indicator shows extreme fear value of 15, and the trading volume is only 46% of usual. These three signals together convey one meaning: now is not the time to go long.
So it’s not greed to simply close this long position ($0.72 take profit) and then immediately reopen a position; it’s about maintaining account liquidity and waiting for clearer signals. Currently, the account has 647U, the position has been cleared, and the spot basis is stable. We can observe the bottom signals for SOL and XRP—both of their RSIs have started to rise, but the trading volume is still not aggressive enough.
An extremely fearful market often breeds reversals, but a reversal without volume is just a false signal. Keep waiting.
#BTC #GateAI人机对抗赛 #GatePerps