đ Midday Update · Sep 22
In the past 24 hours, liquidations totaled about $249 million. Short positions were 220.90 million versus long positions of 28.20 millionâshorts were hit the hardest. In the hour from 09-21 at 16:00, BTCUSDT shorts alone were liquidated for $67.91 million. However, the price didnât catch up: BTC fell to 85,424 (-1.4%), while ETH dropped to 2,729 (-1.7%). This suggests shorts were squeezed rather than there being a true breakout. Also, macro catalysts donât appear to line up with this move; the reason remains unclear. The Fear & Greed Index is 78âextreme greed. Coupled with large short liquidations, it indicates that long-side leverage is still pushing in, and crowding isnât low. Going forward, what to watch with open positions: after shorts are cleared, if price doesnât rise, longs may end up being the next group to get liquidated. In terms of characterization, this looks like a leverage squeezeânot the start of a new trend.
Liquidations & Clearances:
· Loracleâs held CASHCAT short position has begun to turn profitable; earlier it was briefly down $1.4 million
· Garrett Jin closed 500 BTC short contracts, netting $80,000 profit
· A trader was liquidated four times in a row; the $32.55 million BTC short position was cleared
On-chain anomalies:
· A certain whale exited 3-year-held CRV, losing $4.1 million
· A mysterious whale went long 41,200 ETH during a spike, with an unrealized profit of $1.52 million over 11 hours
· Balancer plans to ârebrand,â fork into a new protocol, betting on tokenized stock on-chain trading
Market sentiment: Fear & Greed Index 78 (Extreme Greed)
US tech stocks surged, with the Nasdaq up +2.26% in a single dayârisk appetite clearly returned. But BTC didnât keep up: at the current price of $85,424, down -1.38% over 24 hours; ETH at 2,729, down -1.68%. This is a clear divergence. U.S. Treasury yields also fell by 3.5 basis points, and the U.S. Dollar Index barely movedâliquidity didnât show meaningful pressure. So this drop wasnât driven by macro; it was simply that after shorts got wiped out, long leverage was too crowded and leaked downward on its own. Donât treat the rise in U.S. stocks as a reason BTC will necessarily âcatch upââright now itâs not moving.
$BTC #BTC #Liquidations
In the afternoon, will you focus more on whether liquidations continue to spread, or whether funds will flow back?
Iâve been doing U.S. stocks for 3 yearsâcame because Binance can now do U.S. stocks. There are two daily briefingsâmorning and eveningâso you can keep an eye on them.
In the past 24 hours, liquidations totaled about $249 million. Short positions were 220.90 million versus long positions of 28.20 millionâshorts were hit the hardest. In the hour from 09-21 at 16:00, BTCUSDT shorts alone were liquidated for $67.91 million. However, the price didnât catch up: BTC fell to 85,424 (-1.4%), while ETH dropped to 2,729 (-1.7%). This suggests shorts were squeezed rather than there being a true breakout. Also, macro catalysts donât appear to line up with this move; the reason remains unclear. The Fear & Greed Index is 78âextreme greed. Coupled with large short liquidations, it indicates that long-side leverage is still pushing in, and crowding isnât low. Going forward, what to watch with open positions: after shorts are cleared, if price doesnât rise, longs may end up being the next group to get liquidated. In terms of characterization, this looks like a leverage squeezeânot the start of a new trend.
Liquidations & Clearances:
· Loracleâs held CASHCAT short position has begun to turn profitable; earlier it was briefly down $1.4 million
· Garrett Jin closed 500 BTC short contracts, netting $80,000 profit
· A trader was liquidated four times in a row; the $32.55 million BTC short position was cleared
On-chain anomalies:
· A certain whale exited 3-year-held CRV, losing $4.1 million
· A mysterious whale went long 41,200 ETH during a spike, with an unrealized profit of $1.52 million over 11 hours
· Balancer plans to ârebrand,â fork into a new protocol, betting on tokenized stock on-chain trading
Market sentiment: Fear & Greed Index 78 (Extreme Greed)
US tech stocks surged, with the Nasdaq up +2.26% in a single dayârisk appetite clearly returned. But BTC didnât keep up: at the current price of $85,424, down -1.38% over 24 hours; ETH at 2,729, down -1.68%. This is a clear divergence. U.S. Treasury yields also fell by 3.5 basis points, and the U.S. Dollar Index barely movedâliquidity didnât show meaningful pressure. So this drop wasnât driven by macro; it was simply that after shorts got wiped out, long leverage was too crowded and leaked downward on its own. Donât treat the rise in U.S. stocks as a reason BTC will necessarily âcatch upââright now itâs not moving.
$BTC #BTC #Liquidations
In the afternoon, will you focus more on whether liquidations continue to spread, or whether funds will flow back?
Iâve been doing U.S. stocks for 3 yearsâcame because Binance can now do U.S. stocks. There are two daily briefingsâmorning and eveningâso you can keep an eye on them.
