Global liquidations wipeout: shorts squeezed yesterday, reversal and counterattack today—$81.62M liquidated in 1 hour, 94% were long positions
Yesterday, the whole network just cleared out $488M in short positions. The reversal came just as fast: in the past 1 hour, $81.62M was liquidated—longs accounted for 94%. $ETH : $25.98M, $BTC : $24.39M, $SOL : $7.65M. Leverage chasing longs is lining up to pay tuition
The backdrop is triple pressure: the Fed rate hike has landed, the CLARITY Act fails to pass through, and on the weekend the Houthi forces’ attacks hit Saudi oil facilities—risk assets collectively pulling back
But looking at the data, today’s liquidation volume is only 0.45 times the 7-day average—more like normal deleveraging after a big rally, not a panic stampede
My view: leverage clearing is healthy. In the short term, focus on the $2.73T total market cap support—if it holds, we’ll see consolidation building energy; if it breaks, look for $2.68T
My move: reduce leverage on futures; wait for preset entry levels to re-enter on spot—no catching falling knives. SOL’s $100–$108 observation zone is exactly the spot I’m waiting for
Did you cut your position, or are you still waiting for things to stabilize?
Yesterday, the whole network just cleared out $488M in short positions. The reversal came just as fast: in the past 1 hour, $81.62M was liquidated—longs accounted for 94%. $ETH : $25.98M, $BTC : $24.39M, $SOL : $7.65M. Leverage chasing longs is lining up to pay tuition
The backdrop is triple pressure: the Fed rate hike has landed, the CLARITY Act fails to pass through, and on the weekend the Houthi forces’ attacks hit Saudi oil facilities—risk assets collectively pulling back
But looking at the data, today’s liquidation volume is only 0.45 times the 7-day average—more like normal deleveraging after a big rally, not a panic stampede
My view: leverage clearing is healthy. In the short term, focus on the $2.73T total market cap support—if it holds, we’ll see consolidation building energy; if it breaks, look for $2.68T
My move: reduce leverage on futures; wait for preset entry levels to re-enter on spot—no catching falling knives. SOL’s $100–$108 observation zone is exactly the spot I’m waiting for
Did you cut your position, or are you still waiting for things to stabilize?
