$BTC In the minutes before the flash crash, 4 new wallets opened 40x short positions on Hyperliquid; after the sell-off, the number of accounts going long on Binance Futures actually increased 🧐
According to reports, early on October 7 UTC, BTC fell from $85,341 to around $83,790. CoinGlass estimates that about $550 million in long positions were liquidated over 24 hours. Before the drop, 4 new wallets opened roughly $12.5 million in 40x short positions on Hyperliquid. There is currently no evidence that they had advance knowledge.
Binance Futures (18:00 data):
1️⃣ Long/short account ratio rose from 1.05 to 1.42
2️⃣ Funding rate: -0.0051%; shorts haven't backed off
3️⃣ Open interest: about 8.06 billion U, down just 0.81% over 24h
Spot price: 83,804; 4-hour RSI: 27.5.
Accounts are adding to longs, while open interest has barely fallen—with another layer of long positions still below.
If BTC breaks below the 7-day low of 83,186, the liquidation cluster near 82,600 could be tested;
if it holds above the MA20 at 84,227, this looks like a leverage flush, with 86,700 in sight above. A break below 83,186 would invalidate this scenario.
As prices fall, more people are going long—is this bottom-fishing, or are they adding fuel for the next round of liquidations?
Sources: Cointelegraph, Cryptonews
$BTC #比特币 #FuturesSentiment
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, and does not constitute investment advice. DYOR.
According to reports, early on October 7 UTC, BTC fell from $85,341 to around $83,790. CoinGlass estimates that about $550 million in long positions were liquidated over 24 hours. Before the drop, 4 new wallets opened roughly $12.5 million in 40x short positions on Hyperliquid. There is currently no evidence that they had advance knowledge.
Binance Futures (18:00 data):
1️⃣ Long/short account ratio rose from 1.05 to 1.42
2️⃣ Funding rate: -0.0051%; shorts haven't backed off
3️⃣ Open interest: about 8.06 billion U, down just 0.81% over 24h
Spot price: 83,804; 4-hour RSI: 27.5.
Accounts are adding to longs, while open interest has barely fallen—with another layer of long positions still below.
If BTC breaks below the 7-day low of 83,186, the liquidation cluster near 82,600 could be tested;
if it holds above the MA20 at 84,227, this looks like a leverage flush, with 86,700 in sight above. A break below 83,186 would invalidate this scenario.
As prices fall, more people are going long—is this bottom-fishing, or are they adding fuel for the next round of liquidations?
Sources: Cointelegraph, Cryptonews
$BTC #比特币 #FuturesSentiment
#BinanceSquare
⚠️ The above is a compilation of information and personal opinion, and does not constitute investment advice. DYOR.