1.08 billion dollars just got liquidated, and almost all of it was longs. 💥
CoinGlass data reported by laicrypto shows total liquidations of 1.08 billion dollars in 24 hours, hitting 210,326 traders, with longs accounting for 954.38 million dollars, 88.2 percent of the total, and shorts for 127.30 million dollars. 📊 Bitcoin led with 280.65 million dollars in liquidations, Ethereum followed with 163.83 million, and the largest single liquidation was a 10.94 million dollar ETHUSDT long on Binance, with 896.18 million dollars wiped in the latest four hours alone. My reading is that this was a leverage flush, not a slow selloff, because the wipeout came in one violent burst at the United States open, and flushes like this usually need a few days to heal before a real bounce holds.
Is the leverage flush finished, or is another billion waiting below? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
CoinGlass data reported by laicrypto shows total liquidations of 1.08 billion dollars in 24 hours, hitting 210,326 traders, with longs accounting for 954.38 million dollars, 88.2 percent of the total, and shorts for 127.30 million dollars. 📊 Bitcoin led with 280.65 million dollars in liquidations, Ethereum followed with 163.83 million, and the largest single liquidation was a 10.94 million dollar ETHUSDT long on Binance, with 896.18 million dollars wiped in the latest four hours alone. My reading is that this was a leverage flush, not a slow selloff, because the wipeout came in one violent burst at the United States open, and flushes like this usually need a few days to heal before a real bounce holds.
Is the leverage flush finished, or is another billion waiting below? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketUpdate
