$1.19B liquidated in 24h: ETH liquidations were six times BTC’s, and leveraged positions got wiped out
🔻 The main story
BTC dipped to 80,393 this morning before bouncing, and is now at 82,434. ETH fared worse: it hit a low of 2,406 and is now at 2,493, down 3%. Over the past 24 hours, $1.19B was liquidated across the market, with over $1B in long positions. ETH liquidations totaled $356M, versus $298M for BTC. Adjusted for market cap, ETH’s liquidation rate was about six times BTC’s—longs got hammered, and ETH took the worst hit.
🔻 A closer look
On the 4-hour chart, BTC’s SAR (83,073) is weighing on price, as is ETH’s SAR (2,520). Both are seeing weak rebounds after consecutive red candles. The headlines point to rate concerns, geopolitics (BTC bounced to $82,200 after Trump ruled out striking Iran, then got hit again), and AI warnings. The macro backdrop hasn’t eased, and leveraged positions are the first to go. ETH’s underperformance versus BTC isn’t a one-off: funds are pulling out of higher-beta assets, and the sixfold liquidation rate is proof.
🔻 My take
Don’t panic over your long-term core holdings; in the short term, let the shakeout finish and wait for signs of stability. $80,000 is BTC’s line in the sand; anything below $83,000 (near the SAR) is still weak. If ETH can’t hold $2,406, watch for $2,300; it needs to reclaim $2,520 to catch its breath. I’m not buying the dip today—wait for the liquidation fallout to pass and the macro noise to quiet down. Follow my market updates: a sea of dead longs doesn’t mean it’s time to catch a falling knife. Until volume returns, even sideways action could be a false sense of stability.
$1.19B wiped out overnight. Did you get wrecked, dodge the hit, or just play dead? 👇
BTC #ETH
🔻 The main story
BTC dipped to 80,393 this morning before bouncing, and is now at 82,434. ETH fared worse: it hit a low of 2,406 and is now at 2,493, down 3%. Over the past 24 hours, $1.19B was liquidated across the market, with over $1B in long positions. ETH liquidations totaled $356M, versus $298M for BTC. Adjusted for market cap, ETH’s liquidation rate was about six times BTC’s—longs got hammered, and ETH took the worst hit.
🔻 A closer look
On the 4-hour chart, BTC’s SAR (83,073) is weighing on price, as is ETH’s SAR (2,520). Both are seeing weak rebounds after consecutive red candles. The headlines point to rate concerns, geopolitics (BTC bounced to $82,200 after Trump ruled out striking Iran, then got hit again), and AI warnings. The macro backdrop hasn’t eased, and leveraged positions are the first to go. ETH’s underperformance versus BTC isn’t a one-off: funds are pulling out of higher-beta assets, and the sixfold liquidation rate is proof.
🔻 My take
Don’t panic over your long-term core holdings; in the short term, let the shakeout finish and wait for signs of stability. $80,000 is BTC’s line in the sand; anything below $83,000 (near the SAR) is still weak. If ETH can’t hold $2,406, watch for $2,300; it needs to reclaim $2,520 to catch its breath. I’m not buying the dip today—wait for the liquidation fallout to pass and the macro noise to quiet down. Follow my market updates: a sea of dead longs doesn’t mean it’s time to catch a falling knife. Until volume returns, even sideways action could be a false sense of stability.
$1.19B wiped out overnight. Did you get wrecked, dodge the hit, or just play dead? 👇
BTC #ETH