Quick take from a capital flows perspective: Binance futures liquidations totaled $7.77 million over the past hour, mostly from shorts.
Price levels with concentrated liquidations often provide counterparties for large players: to enter or exit large positions, whales need forced trades on the other side. Liquidations were most concentrated at $BTC ($3.48 million). Watch to see whether large players step in to buy along with the trend.
#BTC
Price levels with concentrated liquidations often provide counterparties for large players: to enter or exit large positions, whales need forced trades on the other side. Liquidations were most concentrated at $BTC ($3.48 million). Watch to see whether large players step in to buy along with the trend.
#BTC