$MERL This wave of long positions is simply outrageous!

First, let's look at the data: the proportion of long positions across the network has surged to 54%, and on the Bitget platform, it's even more exaggerated at 57.2%. In this one-sided situation, the bears basically have no power to fight back.

In the past 24 hours, $1.19 million in short positions have been directly buried. Every liquidation adds fuel to the fire for the price, and once this chain reaction starts, the inertia is frightening.

More critically, it's the funding aspect—monitoring shows that the contract accounts continue to see an influx of incremental funds. This isn't just small-scale activity from retail investors; it's the kind of real money that can drive market movements.

**What to do now?**

If you are still on the sidelines: the range of $0.0052-$0.0054 is the opportunity. A pullback is the time window for you to get in, don't hesitate.

If you already have positions: Keep a close eye on the $0.0062 level. Once there is a breakout with volume, that will be a signal for a major uptrend, and you can consider increasing your position.

This is how I see the target level:
The first level is $0.0065
Second tier rush $0.0070

But remember, the stop loss must be set at $0.0050. The market can go crazy, but you cannot. Preserving your principal is always the first principle.

This kind of long positions crushing market is rare, but when it occurs, it often goes to extremes. Every resistance from the shorts can turn into new fuel.

The question now is not whether it will rise, but whether you dare to get on the train.