LONGS JUST GOT NUKED.
$500M+ liquidated in 24h. Mostly leveraged longs.
$BTC dipped under 80k, bounced. $ETH
took almost as much damage despite the smaller market.
Funding still mildly positive longs still paying to hold.
The weak hands are gone. Or did they just get replaced?
Tip: After this flush, what does still-positive funding actually tell you about remaining positioning and how would you test that idea before the next move?
$500M+ liquidated in 24h. Mostly leveraged longs.
$BTC dipped under 80k, bounced. $ETH
took almost as much damage despite the smaller market.
Funding still mildly positive longs still paying to hold.
The weak hands are gone. Or did they just get replaced?
Tip: After this flush, what does still-positive funding actually tell you about remaining positioning and how would you test that idea before the next move?
