This morning on-chain, two things: 3 BTC whale key players placed orders worth $20 million, and their opening price is still some distance away from the current price; in the liquidation leaderboard, the top 5 addresses were just hit by a double squeeze from both longs and shorts overnight, totaling about $13.5 million in liquidations—about $9.16 million in long liquidations and about $4.35 million in short liquidations.
On one side, new capital doesn’t chase and is placing tentative orders; on the other, leverage is being flushed both directions. “Large orders waiting + leverage clearing” is often the prelude to a breakout.
Watch the chain, but don’t just look at the candlesticks. Personal observations only—not investment advice.
On one side, new capital doesn’t chase and is placing tentative orders; on the other, leverage is being flushed both directions. “Large orders waiting + leverage clearing” is often the prelude to a breakout.
Watch the chain, but don’t just look at the candlesticks. Personal observations only—not investment advice.
