#比特币跌至7.6万美元
A break below 76,000 this night—across the whole network, $670 million was liquidated by force. 85% were longs. But leverage wasn’t wiped out.
▪️ Liquidations of $670 million: long positions $570 million, shorts less than $100 million
▪️ Funding rate is still positive, about 0.004%—no one was forced into negative
▪️ CoinGlass long/short ratio is 0.4815, and there are more shorts than longs in the accounts
▪️ Liquidation map: falling through 74,000 squeezes out $1.15 billion of longs; rising through 78,000 squeezes out $1.76 billion of shorts
The people who got cleared were the batch that bet on CLARITY to pass before the vote. BTC moved from 77,000 all the way to near 80,000; the bill didn’t pass. This position was cleared due to an event trigger—nothing to do with fundamentals.
What matters isn’t how much it dropped, but whether the positions were fully cleared. The funding rate didn’t turn negative, sentiment shifted from greed to neutral instead of fear, and shorts are still more than longs in the accounts—these three things all indicate it wasn’t cleared. The wiped-out positions are picked up quickly, and both sides are getting filled.
Below 74,000, above 78,000—less than 5% in between. People are stacked on both sides; this is a squeeze zone. Once it breaks to one side, the other side will be pushed along.
My view is neutral: neither adding nor removing. The true signal of capitulation isn’t the price—it’s the funding rate turning negative.
Watch three things: the funding rate after the FOMC, which side breaks first between 74,000 and 78,000, and whether spot ETF outflows will continue for a second day.
After it drops, is it done? What do you think?$BTC
A break below 76,000 this night—across the whole network, $670 million was liquidated by force. 85% were longs. But leverage wasn’t wiped out.
▪️ Liquidations of $670 million: long positions $570 million, shorts less than $100 million
▪️ Funding rate is still positive, about 0.004%—no one was forced into negative
▪️ CoinGlass long/short ratio is 0.4815, and there are more shorts than longs in the accounts
▪️ Liquidation map: falling through 74,000 squeezes out $1.15 billion of longs; rising through 78,000 squeezes out $1.76 billion of shorts
The people who got cleared were the batch that bet on CLARITY to pass before the vote. BTC moved from 77,000 all the way to near 80,000; the bill didn’t pass. This position was cleared due to an event trigger—nothing to do with fundamentals.
What matters isn’t how much it dropped, but whether the positions were fully cleared. The funding rate didn’t turn negative, sentiment shifted from greed to neutral instead of fear, and shorts are still more than longs in the accounts—these three things all indicate it wasn’t cleared. The wiped-out positions are picked up quickly, and both sides are getting filled.
Below 74,000, above 78,000—less than 5% in between. People are stacked on both sides; this is a squeeze zone. Once it breaks to one side, the other side will be pushed along.
My view is neutral: neither adding nor removing. The true signal of capitulation isn’t the price—it’s the funding rate turning negative.
Watch three things: the funding rate after the FOMC, which side breaks first between 74,000 and 78,000, and whether spot ETF outflows will continue for a second day.
After it drops, is it done? What do you think?$BTC
