$420 million long positions liquidated, but the market hasn’t broken into a one-way selloff—instead, it’s just stuck waiting. What’s really worth watching isn’t the liquidation figure, but the fact that even such massive leveraged liquidations didn’t manage to smash out a clear direction.
On one side, we’re waiting for the Iran–US negotiation news to land; on the other, we’re waiting for the answer from the Non-Farm Payrolls and the October rate-hike expectations. The macro variables haven’t disappeared—if anything, they’ve layered on top of each other, making it naturally harder for funds to take a one-way bet.
So I’m more inclined to define the current situation as ranging, rather than rushing to treat a single spike as a trend. Before there’s an answer, volatility is high—but high volatility doesn’t mean the direction has already emerged.
#MARKET
On one side, we’re waiting for the Iran–US negotiation news to land; on the other, we’re waiting for the answer from the Non-Farm Payrolls and the October rate-hike expectations. The macro variables haven’t disappeared—if anything, they’ve layered on top of each other, making it naturally harder for funds to take a one-way bet.
So I’m more inclined to define the current situation as ranging, rather than rushing to treat a single spike as a trend. Before there’s an answer, volatility is high—but high volatility doesn’t mean the direction has already emerged.
#MARKET