š Midday Briefing Ā· Sep 19
In the past 24 hours, the total liquidations across the market were about $135 million. There were 1,265.6 million USD worth of short positions versus 83.8 million USD worth of long positionsāshorts were hit the hardest. The most concentrated single move came last night at 9:00 PM (BTCUSDT), when shorts liquidated 40.23 million USD within one hour. In the same period, Federal Reserve officials signaled support for rate hikes: the probability of a rate hike in October is 53.1%. Tightening expectations should have weighed on prices, but instead the price closed slightly higher, suggesting the squeeze-driven move was most likely the main driver rather than macro factors. The Greed Index is 71. If it continues to rise from here, it would indicate that shorts have just been cleared and that chasing longsā leverage is still being pushed further ināBTCās $8.78 billion and ETHās $6.23 billion open interest both imply that bidirectional liquidation risk is not low. ZEC shorts are up a floating loss of $33.83 million, and whales were forced to closeāthese are the most typical footnotes for this squeeze.
Qualitative take: the market surged on the momentum after shorts were cleaned out, but the high-leverage structure hasnāt been resolved. Donāt mistake liquidation for a directional signal.
Liquidations & clears:
Ā· Trader Boomer added 10,000 ETH long positions at an average price of $2,610
Ā· Trader Boomer took profit on 14.3k ZEC long positions, netting $5.24 million
Ā· Garrett Jinās ZEC short position is now in a floating loss of $33.83 million; the liquidation price is $4,790
On-chain anomalies:
Ā· Zcashās whale transferred $362 million worth of ZEC; after 10 months, it was the first time it topped up to Coinbase
Ā· The TRUMP team address transferred 11.25 million tokens 12 days ago, of which 3.25 million have been deposited into OKX
Ā· The TRUMP team recently transferred 11.25 million tokens, with part of it stored in CEX
Market sentiment: Fear & Greed Index 71 (Greed)
U.S. Treasury 10-year yields rose to 4.998%, adding 5.1 bps. The U.S. Dollar Index also climbed about 1.11% over the past week. This raises the holding cost of non-yielding assets. But BTC is currently at $81,154, up +0.33% over 24 hoursāit didnāt move in line with that pressure. The reason is largely the momentum after shorts were cleared. Donāt treat this divergence as a positive signalāthe slow-moving variables are yields and the dollar, which increase leverage pressure.
$BTC #BTC #Liquidations
In the afternoon, will you focus more on whether liquidations continue to spread, or whether funds will flow back?
Iāve been in U.S. stocks for 3 yearsācame here because Binance can do U.S. stocks now. Two daily reports, morning and eveningāfeel free to check them.
In the past 24 hours, the total liquidations across the market were about $135 million. There were 1,265.6 million USD worth of short positions versus 83.8 million USD worth of long positionsāshorts were hit the hardest. The most concentrated single move came last night at 9:00 PM (BTCUSDT), when shorts liquidated 40.23 million USD within one hour. In the same period, Federal Reserve officials signaled support for rate hikes: the probability of a rate hike in October is 53.1%. Tightening expectations should have weighed on prices, but instead the price closed slightly higher, suggesting the squeeze-driven move was most likely the main driver rather than macro factors. The Greed Index is 71. If it continues to rise from here, it would indicate that shorts have just been cleared and that chasing longsā leverage is still being pushed further ināBTCās $8.78 billion and ETHās $6.23 billion open interest both imply that bidirectional liquidation risk is not low. ZEC shorts are up a floating loss of $33.83 million, and whales were forced to closeāthese are the most typical footnotes for this squeeze.
Qualitative take: the market surged on the momentum after shorts were cleaned out, but the high-leverage structure hasnāt been resolved. Donāt mistake liquidation for a directional signal.
Liquidations & clears:
Ā· Trader Boomer added 10,000 ETH long positions at an average price of $2,610
Ā· Trader Boomer took profit on 14.3k ZEC long positions, netting $5.24 million
Ā· Garrett Jinās ZEC short position is now in a floating loss of $33.83 million; the liquidation price is $4,790
On-chain anomalies:
Ā· Zcashās whale transferred $362 million worth of ZEC; after 10 months, it was the first time it topped up to Coinbase
Ā· The TRUMP team address transferred 11.25 million tokens 12 days ago, of which 3.25 million have been deposited into OKX
Ā· The TRUMP team recently transferred 11.25 million tokens, with part of it stored in CEX
Market sentiment: Fear & Greed Index 71 (Greed)
U.S. Treasury 10-year yields rose to 4.998%, adding 5.1 bps. The U.S. Dollar Index also climbed about 1.11% over the past week. This raises the holding cost of non-yielding assets. But BTC is currently at $81,154, up +0.33% over 24 hoursāit didnāt move in line with that pressure. The reason is largely the momentum after shorts were cleared. Donāt treat this divergence as a positive signalāthe slow-moving variables are yields and the dollar, which increase leverage pressure.
$BTC #BTC #Liquidations
In the afternoon, will you focus more on whether liquidations continue to spread, or whether funds will flow back?
Iāve been in U.S. stocks for 3 yearsācame here because Binance can do U.S. stocks now. Two daily reports, morning and eveningāfeel free to check them.
