🌞 Midday Update · Sep 17
In the past 24 hours, the total liquidations were about $67.89 million: $34.22 million in long positions and $33.67 million in short positions. The longs are slightly worse off. The most concentrated single liquidation was at 2:00 AM ETHUSDT, where a $14.20 million long was wiped out. Yet the market barely moved: BTC at 76,240 basically went sideways, ETH at 2,429 ticked up slightly. This shows it’s not a directional market—it's leveraged positions being targeted and cleared. On the macro front, rate-hike expectations are still being ramped up. Japan’s 2-year government bond yield has risen to the highest level since April 1995, lifting funding costs and weighing on risk appetite. That overnight dip is likely related to this. The Fear & Greed Index is 50, neutral, with no obvious change from yesterday—meaning some longs were liquidated, but no one is panicking and exiting. Current open interest: BTC $8.26 billion, ETH $5.63 billion—it's still not low, and both-way liquidation risk is present. Don’t add leverage in a narrow range consolidation. Qualitative take: both longs and shorts are grinding each other down—wait for direction.
Liquidations & Clearing:
· Garrett Jin shorted ZEC and is currently down over $25 million; the short size has risen to $50.99 million
· The agent of the “BTC OG insider whale” added 5,000 ZEC short contracts; the unrealized loss is already over $22 million
· Hong Kong issued its first five-year plan: HSBC’s Liao Yijian said Hong Kong has the conditions to become a regional gold liquidation hub, and can step up with RMB-denominated gold products
On-chain Moves:
· Bonk Guy again called out “USELESS”: over the past month, it saw a $12 million whale inflow
· WLFI multi-sig wallet transferred another 88 million WLFI to Binance; in the past month, total inflows reached 248 million WLFI
· Wintermute transferred 2,550 BTC to Binance, worth about $193 million
Market Sentiment: Fear & Greed Index 50 (Neutral)
The U.S. Dollar Index +0.66% day over day, and the 10-year Treasury yield is above 5.006% (+1.0 basis points). The holding cost of non–interest-bearing assets is being pushed higher—this is the most direct pressure on BTC. BTC’s spot price is 76,240, up just +0.04% over 24 hours—basically flat. It neither fell further nor bounced, indicating that after leverage was cleared, neither longs nor shorts want to be the first to move. VIX at 17.7 is only mildly elevated, not enough to suggest capital flowing into safe havens. What really matters is whether the USD and Treasury yields can keep pushing higher.
$BTC #BTC #Liquidations
In the afternoon, will you focus more on whether liquidations keep spreading—or whether funds will flow back?
I’ve been trading U.S. stocks for 3 years; I only came over because Binance can do stocks now. There are two daily reports in the morning and evening—worth keeping an eye on.
In the past 24 hours, the total liquidations were about $67.89 million: $34.22 million in long positions and $33.67 million in short positions. The longs are slightly worse off. The most concentrated single liquidation was at 2:00 AM ETHUSDT, where a $14.20 million long was wiped out. Yet the market barely moved: BTC at 76,240 basically went sideways, ETH at 2,429 ticked up slightly. This shows it’s not a directional market—it's leveraged positions being targeted and cleared. On the macro front, rate-hike expectations are still being ramped up. Japan’s 2-year government bond yield has risen to the highest level since April 1995, lifting funding costs and weighing on risk appetite. That overnight dip is likely related to this. The Fear & Greed Index is 50, neutral, with no obvious change from yesterday—meaning some longs were liquidated, but no one is panicking and exiting. Current open interest: BTC $8.26 billion, ETH $5.63 billion—it's still not low, and both-way liquidation risk is present. Don’t add leverage in a narrow range consolidation. Qualitative take: both longs and shorts are grinding each other down—wait for direction.
Liquidations & Clearing:
· Garrett Jin shorted ZEC and is currently down over $25 million; the short size has risen to $50.99 million
· The agent of the “BTC OG insider whale” added 5,000 ZEC short contracts; the unrealized loss is already over $22 million
· Hong Kong issued its first five-year plan: HSBC’s Liao Yijian said Hong Kong has the conditions to become a regional gold liquidation hub, and can step up with RMB-denominated gold products
On-chain Moves:
· Bonk Guy again called out “USELESS”: over the past month, it saw a $12 million whale inflow
· WLFI multi-sig wallet transferred another 88 million WLFI to Binance; in the past month, total inflows reached 248 million WLFI
· Wintermute transferred 2,550 BTC to Binance, worth about $193 million
Market Sentiment: Fear & Greed Index 50 (Neutral)
The U.S. Dollar Index +0.66% day over day, and the 10-year Treasury yield is above 5.006% (+1.0 basis points). The holding cost of non–interest-bearing assets is being pushed higher—this is the most direct pressure on BTC. BTC’s spot price is 76,240, up just +0.04% over 24 hours—basically flat. It neither fell further nor bounced, indicating that after leverage was cleared, neither longs nor shorts want to be the first to move. VIX at 17.7 is only mildly elevated, not enough to suggest capital flowing into safe havens. What really matters is whether the USD and Treasury yields can keep pushing higher.
$BTC #BTC #Liquidations
In the afternoon, will you focus more on whether liquidations keep spreading—or whether funds will flow back?
I’ve been trading U.S. stocks for 3 years; I only came over because Binance can do stocks now. There are two daily reports in the morning and evening—worth keeping an eye on.
