BTC just printed a 12-week low, slipping under $70K with roughly $1.6B liquidated across crypto in 24 hours. Longs made up about 89% of that — the bulk of the damage was leveraged positions getting forced out, not spot sellers walking away.
The interesting part is what happened next: funding flipped negative within hours. That means the traders who piled into shorts during the drop are now paying the same longs who just got wiped a few hours earlier. That kind of whiplash — funding flipping sides this fast right after a liquidation cascade — usually means the move was driven by leverage unwinding, not a change in conviction.
Worth watching whether funding stays negative or snaps back once the forced selling clears. Anyone else track funding flips as a tell for when a move's run out of real sellers?
#Bitcoin #Crypto #TradingSignals #TokenBot $BTC $TBOT tokenbot.com
The interesting part is what happened next: funding flipped negative within hours. That means the traders who piled into shorts during the drop are now paying the same longs who just got wiped a few hours earlier. That kind of whiplash — funding flipping sides this fast right after a liquidation cascade — usually means the move was driven by leverage unwinding, not a change in conviction.
Worth watching whether funding stays negative or snaps back once the forced selling clears. Anyone else track funding flips as a tell for when a move's run out of real sellers?
#Bitcoin #Crypto #TradingSignals #TokenBot $BTC $TBOT tokenbot.com
