Odaily News SignalQuant, an analyst at CryptoQuant, said in a post that the recent BTC price plunge has dealt a severe blow to long position holders. The scale of this long order liquidation is the largest in the past year, and we estimate that this long squeeze is also quite significant. However, we cannot easily conclude that "the market will rebound after experiencing a large-scale long order liquidation." Because from August to October 2023, the price experienced several months of adjustment before rebounding. Therefore, it recommends that investors maintain a "temporarily less greedy, more conservative" mentality to invest.