4 hours of blood cleaning! BTC-ETH-ZEC bulls were swept widely, and the data made your scalp tingle
Combining three charts produces a very unified signal:
This round was not a two-way liquidation in both directions; instead, it was a focused shake on leverage, aimed at destroying long positions. The ratio of short positions that were liquidated was very low, and a large number of long positions that were relying on faith were wiped out completely.
- Bitcoin (BTC): total liquidations in 24 hours reached 120 million, with a direct consumption of 110 million through long positions; the 12-hour and 4-hour levels continued to show growth in trading volume, indicating a sequence of sustained declines;
- ETH: total liquidations in 24 hours were 83.18 million, with buy-side positions at 73.2 million; it was also a key target of recent big-fund activity, with multiple medium- and long-term wallets being activated;
- ZEC: liquidations in 24 hours amounted to 22.62 million yuan, covering almost all long orders, with greater flexibility in fake trades, which further increases the pain of the large sweep.
A very realistic point:
In the short term, a large number of long positions are wiped out, but that does not mean an immediate reversal or rebound;
It only means the market has delivered a painful batch of high- and mid-leverage tranches;
$ZEC $ETH $BTC
Combining three charts produces a very unified signal:
This round was not a two-way liquidation in both directions; instead, it was a focused shake on leverage, aimed at destroying long positions. The ratio of short positions that were liquidated was very low, and a large number of long positions that were relying on faith were wiped out completely.
- Bitcoin (BTC): total liquidations in 24 hours reached 120 million, with a direct consumption of 110 million through long positions; the 12-hour and 4-hour levels continued to show growth in trading volume, indicating a sequence of sustained declines;
- ETH: total liquidations in 24 hours were 83.18 million, with buy-side positions at 73.2 million; it was also a key target of recent big-fund activity, with multiple medium- and long-term wallets being activated;
- ZEC: liquidations in 24 hours amounted to 22.62 million yuan, covering almost all long orders, with greater flexibility in fake trades, which further increases the pain of the large sweep.
A very realistic point:
In the short term, a large number of long positions are wiped out, but that does not mean an immediate reversal or rebound;
It only means the market has delivered a painful batch of high- and mid-leverage tranches;
$ZEC $ETH $BTC