$360 million in BTC liquidations in 10 minutes! BTC fell below $84,000, wiping out bulls. But was spot selling really to blame?
BTC suddenly flash-crashed overnight, piercing the key $84,000 level!
Here’s what happened in the liquidation bloodbath:
1. Leverage blowup: Long positions worth $360 million were liquidated in 10 minutes, with total liquidations across the market nearing $400 million in 20 minutes. Over 24 hours, liquidations hit $550 million, 88% of them long positions! Perpetual open interest (OI) remained sky-high at $69 billion.
2. Capital flows turn against the market: Spot ETFs saw net outflows of $89.9 million, wiping out the previous $290 million in inflows.
Bottom line: The drop was only 2%, but it happened extremely fast, suggesting that large amounts of high-leverage positions were clustered above $84,000. The massive prints at the top of the leaderboard were all liquidation orders. $84,000 was a liquidation trigger zone, not solid support. With the Fed meeting minutes due soon, don’t blindly try to catch a falling knife!
#BTC #比特币 #爆仓 #清算数据 #加密货币
$BTC
BTC suddenly flash-crashed overnight, piercing the key $84,000 level!
Here’s what happened in the liquidation bloodbath:
1. Leverage blowup: Long positions worth $360 million were liquidated in 10 minutes, with total liquidations across the market nearing $400 million in 20 minutes. Over 24 hours, liquidations hit $550 million, 88% of them long positions! Perpetual open interest (OI) remained sky-high at $69 billion.
2. Capital flows turn against the market: Spot ETFs saw net outflows of $89.9 million, wiping out the previous $290 million in inflows.
Bottom line: The drop was only 2%, but it happened extremely fast, suggesting that large amounts of high-leverage positions were clustered above $84,000. The massive prints at the top of the leaderboard were all liquidation orders. $84,000 was a liquidation trigger zone, not solid support. With the Fed meeting minutes due soon, don’t blindly try to catch a falling knife!
#BTC #比特币 #爆仓 #清算数据 #加密货币
$BTC
