💥 Follow-up: It’s been less than 20 hours since the CPI post went up
Last night, we said CPI had come in red-hot and rate-hike expectations were back
Today, Coinglass data is in: the bulls got absolutely flattened
📊 Over the past 24 hours, $976.04 million in positions were liquidated across the market (exact figure: $976,042,884.69)
184,248 traders got wiped out, losing an average of $5,297 each
Of that, $896.59 million came from long liquidations, or 91.9%
Short liquidations totaled just $79.45 million
In plain English: not a single person betting on a rebound with leverage got away
$BTC is now at $80,888 (24h: -2.94%), with $199.15 million liquidated; longs accounted for 91.0%
Largest single liquidation: a $12.035 million Binance BTCUSDT long, liquidated at $80,208.96
$ETH is now at $2,362.17 (24h: -5.56%), with $288.84 million liquidated; longs accounted for 92.3%
Just two days ago, it was hovering above 2,400. Now 2,400 has turned straight into resistance
To put it plainly: CPI was just the fuse; what really did the damage was all the leverage piled up beforehand
Now that leverage has been flushed out, the market is looking a little cleaner
(A quick risk reminder: if the $80,000 level breaks too, the next wave of liquidations could be even more intense)
Data source: Coinglass (updated at 19:05)
Were you sitting this one out, or did you get wiped out too?
Drop a number in the comments and let’s see how many “martyrs” there are
#BTC
For reference only. Not investment advice.
Last night, we said CPI had come in red-hot and rate-hike expectations were back
Today, Coinglass data is in: the bulls got absolutely flattened
📊 Over the past 24 hours, $976.04 million in positions were liquidated across the market (exact figure: $976,042,884.69)
184,248 traders got wiped out, losing an average of $5,297 each
Of that, $896.59 million came from long liquidations, or 91.9%
Short liquidations totaled just $79.45 million
In plain English: not a single person betting on a rebound with leverage got away
$BTC is now at $80,888 (24h: -2.94%), with $199.15 million liquidated; longs accounted for 91.0%
Largest single liquidation: a $12.035 million Binance BTCUSDT long, liquidated at $80,208.96
$ETH is now at $2,362.17 (24h: -5.56%), with $288.84 million liquidated; longs accounted for 92.3%
Just two days ago, it was hovering above 2,400. Now 2,400 has turned straight into resistance
To put it plainly: CPI was just the fuse; what really did the damage was all the leverage piled up beforehand
Now that leverage has been flushed out, the market is looking a little cleaner
(A quick risk reminder: if the $80,000 level breaks too, the next wave of liquidations could be even more intense)
Data source: Coinglass (updated at 19:05)
Were you sitting this one out, or did you get wiped out too?
Drop a number in the comments and let’s see how many “martyrs” there are
#BTC
For reference only. Not investment advice.