Weekend crypto futures volume dropped 60%, from $159B on Friday to $63B, and thin books did exactly what thin books do: shorts ate $45M in liquidations versus just $23M for longs, even though BTC only sat barely red at $64.7K.
That ratio is the tell. Open interest barely moved, so this wasn't a broad deleveraging event — it was a liquidity vacuum picking off overleveraged shorts on a weekend bounce. When volume craters like this, the same order size moves price twice as far, and whichever side is more crowded gets run first.
Worth remembering next time a weekend candle looks aggressive: check the book depth before you read it as conviction.
Do you size down over weekends, or is thin liquidity exactly when the edge shows up? (via CoinGlass)
#Bitcoin #TradingSignals #TokenBot $BTC $TBOT
tokenbot.com
That ratio is the tell. Open interest barely moved, so this wasn't a broad deleveraging event — it was a liquidity vacuum picking off overleveraged shorts on a weekend bounce. When volume craters like this, the same order size moves price twice as far, and whichever side is more crowded gets run first.
Worth remembering next time a weekend candle looks aggressive: check the book depth before you read it as conviction.
Do you size down over weekends, or is thin liquidity exactly when the edge shows up? (via CoinGlass)
#Bitcoin #TradingSignals #TokenBot $BTC $TBOT
tokenbot.com