About $900M got liquidated across perp markets in the last 24 hours, and 83% of it was longs. Most people read that number after it happened. Three free pages show you the setup before it fires.
Coinglass: funding rates and the liquidation map. Average funding sits at +0.0041% across 143 perp markets, 93 of them still positive. Leverage is not crowded yet, and nobody has been flushed. The map shows where leveraged longs are stacked: fuel, not direction.
Farside or SoSoValue: spot ETF flows. Friday took $643M out of spot Bitcoin ETFs, erasing a four-day, $441M inflow run in one session. That institutional bid just went absent.
DefiLlama: stablecoin supply. Roughly $6B left stablecoins over the past month. Dry powder keeps shrinking while liquidation maps stay hot.
My stance: waiting, not buying the dip. No negative funding, no new stablecoin supply, and the ETF bid just flipped. The conditions that usually precede a durable bottom are all missing, so any rip here runs on thin fuel.
Check the fuel, not the forecast.
Data as of today. Not financial advice. Which flips first: funding turning negative, or ETF money coming back?
$BTC #BinanceSquare #CryptoTrading #Liquidations #ETFFlows
Coinglass: funding rates and the liquidation map. Average funding sits at +0.0041% across 143 perp markets, 93 of them still positive. Leverage is not crowded yet, and nobody has been flushed. The map shows where leveraged longs are stacked: fuel, not direction.
Farside or SoSoValue: spot ETF flows. Friday took $643M out of spot Bitcoin ETFs, erasing a four-day, $441M inflow run in one session. That institutional bid just went absent.
DefiLlama: stablecoin supply. Roughly $6B left stablecoins over the past month. Dry powder keeps shrinking while liquidation maps stay hot.
My stance: waiting, not buying the dip. No negative funding, no new stablecoin supply, and the ETF bid just flipped. The conditions that usually precede a durable bottom are all missing, so any rip here runs on thin fuel.
Check the fuel, not the forecast.
Data as of today. Not financial advice. Which flips first: funding turning negative, or ETF money coming back?
$BTC #BinanceSquare #CryptoTrading #Liquidations #ETFFlows
