Liquidation Radar
With liquidation data, first look at who was forced out.
Long liquidations account for the bulk of the amount at $PROM , and position unwinding has clearly moved into actual trades.
Longs were flushed out more decisively at $PONS . A rebound is still possible, but first check whether fresh buyers step in after the liquidations.
Longs exited in a concentrated wave at $MARSCOIN . The current data only confirms that liquidations occurred; it is not enough to declare a market bottom.
After longs have been flushed out, whether a rebound can hold depends on whether fresh buyers step in.
With liquidation data, first look at who was forced out.
Long liquidations account for the bulk of the amount at $PROM , and position unwinding has clearly moved into actual trades.
Longs were flushed out more decisively at $PONS . A rebound is still possible, but first check whether fresh buyers step in after the liquidations.
Longs exited in a concentrated wave at $MARSCOIN . The current data only confirms that liquidations occurred; it is not enough to declare a market bottom.
After longs have been flushed out, whether a rebound can hold depends on whether fresh buyers step in.