Almost immediately after the closing of the large short position, the market faced a massive price spike to more than $43,000. Some users suggested that the massive short was removed with the help of insider information about market movements.
After the short was closed, bears experienced an increase in the liquidation volume as the volume of forcibly closed positions reached $75 million in the last four hours, showing that most investors did not expect such a large price increase in a matter of hours. already retraced to $42,200. But while the selling pressure spiked after the price reached $43,000, we may still see price action similar to March 18.
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