#Which tokens in the Pilot Section are you keeping an eye on?

BTC price drops: Impact of long squeeze and global market
The price of BTC has fallen by over 3% in the past 24 hours. This is considered to be the main reason for the decline (short squeeze).
Such squeezing will lead to more selling pressure, especially in the futures market, where leverage positions are concentrated, coupled with the decline in asset prices.
Long squeezes often occur when longs investors close their positions due to price declines and encountering stop-loss orders or margin requirements. This increases selling pressure in the market, leading to further price declines.
market data and clearing
Within 24 hours, 64838 investors were liquidated in the BTC futures market. A total of $181 million worth of positions were Close Position, of which $490 million belonged to BTC. A large portion of these longs came from Margin Trading.
The open interest in the futures market has reached a total of $19.1 billion, a level that analysts see as an indicator of market overheating. Since March 2024, open interest has exceeded $18 billion six times, each time leading to a price decline. Analysts warn that this situation may happen again.

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