$STO That’s ruthless! In just 23 minutes, it dropped 67%, and this “Heaven and Earth Needle” has bloodied the bulls!

The crypto world is truly a rollercoaster of heaven and hell in a second. Just now, STO staged a textbook-level “long and short double kill.” On-chain data shows nearly $20 million in liquidations in the past hour, and the most outrageous part is that short positions were forcibly closed for over $17 million.
Why did the price fall so sharply while shorts were the most liquidated? This is a classic “trap to lure longs.” Retail traders always think that after a big rise, a correction is coming, so they desperately try to top out.
The most tragic was a textbook “Heaven and Earth Pin” spike. STO suddenly surged to $2.56 on Aster, and a trader bravely opened a short position. As a result, at the exact top of $2.55, they were precisely “called out,” and $7.67 million was wiped out instantly. Such high-level short chasing—even if you open a second later or use slightly lower leverage—wouldn’t be so completely wiped out.
My view is: the current altcoin season looks lively, but it’s all “cannibalistic” liquidity. In such extreme market conditions, never hold on stubbornly; the market makers are never short of “pinning and liquidating your bullets.”