$ETH Liquidations Beat BTC in the Last 24 Hours
$BTC slipped about 2.4%, yet market-wide liquidations hit $695M, up 357% vs the previous window.
๐ ETH: $236M
๐ BTC: $185M
Those two make up roughly 60% of the total. The price move looks small, but the leverage damage was not. Open interest fell by under 2%, which tells me most positions are still in the system.
Two scenarios I'm watching:
Leverage rebuilds and the market chops sideways.
A second flush clears the remaining crowded positions.
Neither is confirmed. A liquidation spike shows where pressure built up, not where price goes next. Size positions for volatility, not for conviction.
Verify first. Risk later. Scale slowly.
$BTC slipped about 2.4%, yet market-wide liquidations hit $695M, up 357% vs the previous window.
๐ ETH: $236M
๐ BTC: $185M
Those two make up roughly 60% of the total. The price move looks small, but the leverage damage was not. Open interest fell by under 2%, which tells me most positions are still in the system.
Two scenarios I'm watching:
Leverage rebuilds and the market chops sideways.
A second flush clears the remaining crowded positions.
Neither is confirmed. A liquidation spike shows where pressure built up, not where price goes next. Size positions for volatility, not for conviction.
Verify first. Risk later. Scale slowly.