Liquidation and Volume Radar
With liquidation data, first look at who was forced out.
$NMR : Long leverage was wiped out first. Whether the bounce can hold depends on whether trading volume follows through.
$ORCA : Shorts were forced out in a concentrated wave. We can confirm that a squeeze occurred, but we shouldn’t call it the start of a trend.
$MINA : Longs were forced out in a concentrated wave. The current data only shows that liquidations occurred; it’s not enough to declare a market bottom.
Liquidations point in different directions across these coins. Look at each one individually to see who still has the momentum to carry on.
With liquidation data, first look at who was forced out.
$NMR : Long leverage was wiped out first. Whether the bounce can hold depends on whether trading volume follows through.
$ORCA : Shorts were forced out in a concentrated wave. We can confirm that a squeeze occurred, but we shouldn’t call it the start of a trend.
$MINA : Longs were forced out in a concentrated wave. The current data only shows that liquidations occurred; it’s not enough to declare a market bottom.
Liquidations point in different directions across these coins. Look at each one individually to see who still has the momentum to carry on.
