Liquidations went quiet today, and that tells its own story. đ„
Only about 53.65 million dollars was liquidated in 24 hours across 15 exchanges, down from about 310.7 million dollars a day earlier, split almost evenly between longs and shorts. Source: MyCoinDeck liquidation map, 1 November. Bitcoin dipped to a low of 77,228 dollars and sits near 78,100 dollars, while Ether rose about 1.5 percent to near 2,270 dollars. đ My reading is that an even split with a low total means no side is trapped right now. After the 1.57 billion dollar liquidation wave that followed the Binance breach, a quiet day is how a market catches its breath.
Is a quiet liquidation day a sign of stability, or just calm before the next move? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Liquidations
Only about 53.65 million dollars was liquidated in 24 hours across 15 exchanges, down from about 310.7 million dollars a day earlier, split almost evenly between longs and shorts. Source: MyCoinDeck liquidation map, 1 November. Bitcoin dipped to a low of 77,228 dollars and sits near 78,100 dollars, while Ether rose about 1.5 percent to near 2,270 dollars. đ My reading is that an even split with a low total means no side is trapped right now. After the 1.57 billion dollar liquidation wave that followed the Binance breach, a quiet day is how a market catches its breath.
Is a quiet liquidation day a sign of stability, or just calm before the next move? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Liquidations
