$330M got liquidated across crypto in the last 24 hours, and longs ate $230.65M of that — more than double the $99.53M taken from shorts. BTC failed to hold resistance near $87K, then cracked below $82,700, and the cascade did the rest.
The 2.3:1 long/short liquidation ratio is the part worth sitting with. It means positioning going into this leg down was still skewed long, not flat — traders were still betting on continuation even after last week's highs faded. That's usually not how a market bottoms; it's how it keeps finding new lows to shake out the next batch of leverage.
Worth watching: does funding actually flip negative from here, or does the market just reload longs at a lower price and set up the next squeeze?
$BTC $TBOT #Bitcoin #TokenBot #TradingSignals
tokenbot.com
The 2.3:1 long/short liquidation ratio is the part worth sitting with. It means positioning going into this leg down was still skewed long, not flat — traders were still betting on continuation even after last week's highs faded. That's usually not how a market bottoms; it's how it keeps finding new lows to shake out the next batch of leverage.
Worth watching: does funding actually flip negative from here, or does the market just reload longs at a lower price and set up the next squeeze?
$BTC $TBOT #Bitcoin #TokenBot #TradingSignals
tokenbot.com
