$709M liquidated in 24 hours, and 81% of it was longs.
CoinGlass: $572M longs vs $137M shorts wiped out.
Meanwhile $BTC is almost flat at about $76K (-0.1% on the day) and $ETH is slightly green near $2,246.
My take: price isn't crashing, but late longs are still getting flushed. That usually means leverage is being reset, not that the trend has resolved. Watch whether funding cools before the next bounce.
With sentiment at extreme fear and ETF outflows continuing, do you see this as a washout or just the start?
Short squeeze or more long flush by Monday?
Not financial advice.
#Bitcoin #Liquidations #CryptoMarket
CoinGlass: $572M longs vs $137M shorts wiped out.
Meanwhile $BTC is almost flat at about $76K (-0.1% on the day) and $ETH is slightly green near $2,246.
My take: price isn't crashing, but late longs are still getting flushed. That usually means leverage is being reset, not that the trend has resolved. Watch whether funding cools before the next bounce.
With sentiment at extreme fear and ETF outflows continuing, do you see this as a washout or just the start?
Short squeeze or more long flush by Monday?
Not financial advice.
#Bitcoin #Liquidations #CryptoMarket