Bearish traders are winning big! The longs continue to get liquidated—over $1 billion in losses
The liquidation of crypto longs is still ongoing.
Over the past 24 hours, longs across the entire network were liquidated for about $1.05 billion. Meanwhile, short liquidations were clearly much lower—long liquidations were roughly 3.7 times those of shorts. Continued large-scale leverage unwinding has also made market sentiment noticeably more cautious.
Looking at position structure, the long/short ratio rose from 0.96 last week to 1.29, indicating that more and more funds had been betting on upside. However, the market failed to break higher again. Instead, there was a concentrated sell-off, making longs the biggest casualty in this round of volatility.
Liquidity conditions are also weak. Over the past 24 hours, the market saw net outflows of about $1.47 billion. With price falling, funds withdrawing, and longs liquidated in large numbers all happening at the same time, bearish sentiment is heating up in the short term.
Key focus for BTC: whether the rebound can hold
In the short term, after BTC’s rebound, the $78,500–$79,000 range remains an important resistance area.
If the rebound cannot break through effectively, the market may continue to seek support at around $75,000 and possibly even $72,000. If it reclaims and holds above $79,500–$80,000, it would mean current bearish expectations need to be recalibrated.
At the same time, $76,400 remains an important short-term line in the sand. If this level is lost, the market could see further acceleration.
The liquidation of crypto longs is still ongoing.
Over the past 24 hours, longs across the entire network were liquidated for about $1.05 billion. Meanwhile, short liquidations were clearly much lower—long liquidations were roughly 3.7 times those of shorts. Continued large-scale leverage unwinding has also made market sentiment noticeably more cautious.
Looking at position structure, the long/short ratio rose from 0.96 last week to 1.29, indicating that more and more funds had been betting on upside. However, the market failed to break higher again. Instead, there was a concentrated sell-off, making longs the biggest casualty in this round of volatility.
Liquidity conditions are also weak. Over the past 24 hours, the market saw net outflows of about $1.47 billion. With price falling, funds withdrawing, and longs liquidated in large numbers all happening at the same time, bearish sentiment is heating up in the short term.
Key focus for BTC: whether the rebound can hold
In the short term, after BTC’s rebound, the $78,500–$79,000 range remains an important resistance area.
If the rebound cannot break through effectively, the market may continue to seek support at around $75,000 and possibly even $72,000. If it reclaims and holds above $79,500–$80,000, it would mean current bearish expectations need to be recalibrated.
At the same time, $76,400 remains an important short-term line in the sand. If this level is lost, the market could see further acceleration.
