I just refreshed and saw this!
$8.83 million liquidated in 4 hours! Shorts got squeezed hard, while longs made up just 23.9% 😭
The biggest liquidation was $BTC : $1.61 million
You all okay? Check in in the comments 🙋
An extremely one-sided funding rate doesn’t mean an immediate reversal, but it does show that leverage is heavily crowded on that side.
#BTC
$8.83 million liquidated in 4 hours! Shorts got squeezed hard, while longs made up just 23.9% 😭
The biggest liquidation was $BTC : $1.61 million
You all okay? Check in in the comments 🙋
An extremely one-sided funding rate doesn’t mean an immediate reversal, but it does show that leverage is heavily crowded on that side.
#BTC