Liquidation Trade Radar
With liquidation data, first look at who’s being forced out.
$BOME 15m Long liquidations are clearly higher than short liquidations, as leveraged long positions are being forced to exit.
$NIL Mostly long positions were wiped out. The higher the share of liquidations in trading volume, the more directly they impact prices during that period.
$MAGMA Long liquidations account for most of the amount, showing that position unwinding has become a real part of trading.
After longs are cleared out, whether a rebound can hold depends on whether new buyers step in.
With liquidation data, first look at who’s being forced out.
$BOME 15m Long liquidations are clearly higher than short liquidations, as leveraged long positions are being forced to exit.
$NIL Mostly long positions were wiped out. The higher the share of liquidations in trading volume, the more directly they impact prices during that period.
$MAGMA Long liquidations account for most of the amount, showing that position unwinding has become a real part of trading.
After longs are cleared out, whether a rebound can hold depends on whether new buyers step in.
