#全网爆仓6.74亿美元
👉 杠杆温度计，群里聊仓位
In the past 24 hours, total liquidations across the web reached $674 million—both longs and shorts were swept 💥
The numbers aren’t huge, but the structure is interesting.
First, get the direction straight. Shorts made up 30%, and the liquidations were concentrated in the 78,000–79,000 range. Longs got cleared once below 76,000, and the remaining leverage isn’t very thick.
What’s worth watching is the perpetual funding rate. It flipped from negative to positive in just six hours, and the long positions chasing price were rapidly built up. Once the funding rate rises, the next round of “needle” liquidations switches over to longs.
For crypto, liquidation data is a thermometer for leverage. More than $600 million in a single day is neutral to slightly low—the market isn’t crowded yet. What you should be wary of is funding staying elevated for the long term without dropping. The exchanges’ borrowing rates rise in sync, and leverage on-chain increases too. When leverage builds up on both sides at the same time, the needle insertions can be bigger, and the window to reduce positions is often only a few minutes.
Do you think this move is a light uptrend after leverage is cleared, or the start of the next round of shakeout? Let’s discuss in the comments.
👉 杠杆温度计，群里聊仓位
In the past 24 hours, total liquidations across the web reached $674 million—both longs and shorts were swept 💥
The numbers aren’t huge, but the structure is interesting.
First, get the direction straight. Shorts made up 30%, and the liquidations were concentrated in the 78,000–79,000 range. Longs got cleared once below 76,000, and the remaining leverage isn’t very thick.
What’s worth watching is the perpetual funding rate. It flipped from negative to positive in just six hours, and the long positions chasing price were rapidly built up. Once the funding rate rises, the next round of “needle” liquidations switches over to longs.
For crypto, liquidation data is a thermometer for leverage. More than $600 million in a single day is neutral to slightly low—the market isn’t crowded yet. What you should be wary of is funding staying elevated for the long term without dropping. The exchanges’ borrowing rates rise in sync, and leverage on-chain increases too. When leverage builds up on both sides at the same time, the needle insertions can be bigger, and the window to reduce positions is often only a few minutes.
Do you think this move is a light uptrend after leverage is cleared, or the start of the next round of shakeout? Let’s discuss in the comments.
