2 billion dollars liquidated in 24 hours, and the flush is not over yet. đ„
Business Times and Economic Times report CoinGlass data showing about 2 billion dollars in crypto positions wiped out in the past 24 hours, with Bitcoin taking 774 million and Ether 488 million. đ The largest asset fell to 62,112 dollars on Sunday, its weakest since July 14, and Ether touched 1,711, its lowest since July 8. My reading is that this is forced selling feeding on itself, every liquidated long becomes a sell order that pushes price into the next cluster of stops.
Do you think the leverage is finally flushed out, or is there another billion to go? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Liquidation
Business Times and Economic Times report CoinGlass data showing about 2 billion dollars in crypto positions wiped out in the past 24 hours, with Bitcoin taking 774 million and Ether 488 million. đ The largest asset fell to 62,112 dollars on Sunday, its weakest since July 14, and Ether touched 1,711, its lowest since July 8. My reading is that this is forced selling feeding on itself, every liquidated long becomes a sell order that pushes price into the next cluster of stops.
Do you think the leverage is finally flushed out, or is there another billion to go? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Liquidation
