9 of 10 assets are red. BTC is at $67,640, down 4.7%. ETH below $1,911. Over $1.4 billion in longs liquidated in 24 hours—92% of all forced closures.
But funding barely moved. BTC funding sits at ~0.0000034. Flat.
A 5–7% flush with no funding spike means leverage was already thin going in. Longs got flushed without the panic shorting you'd expect at a capitulation low.
That's the divergence worth watching: ETH funding is negative while price bleeds. Shorts are paying to press. If ETH stabilizes and that funding flips, the squeeze fuel is already loaded.
Would you treat this as a liquidation sweep or the start of something deeper?
$BTC $ETH
#LiquidationSweep #FundingRates #AltcoinWeakness #Derivatives #Marketstructure
But funding barely moved. BTC funding sits at ~0.0000034. Flat.
A 5–7% flush with no funding spike means leverage was already thin going in. Longs got flushed without the panic shorting you'd expect at a capitulation low.
That's the divergence worth watching: ETH funding is negative while price bleeds. Shorts are paying to press. If ETH stabilizes and that funding flips, the squeeze fuel is already loaded.
Would you treat this as a liquidation sweep or the start of something deeper?
$BTC $ETH
#LiquidationSweep #FundingRates #AltcoinWeakness #Derivatives #Marketstructure
