At 20:30 on 18/10, $BTC saw a fairly clean “cleanup,” with OI dropping by 1.22% in just 5 minutes 🤓. The price move of -0.30% at the same time suggests Longs “surrendered” en masse—or, to put it bluntly, got liquidated. An estimated 93.6M in OI was wiped out, reflecting just how shocking the market move was at the time.
Long liquidity was largely swept away after this round of forced position closures. Is the current price range attractive enough to draw in new Longs, or is this just a brief lull before the next move? 🧐 Data shows that liquidations on Binance Futures peaked at $385.89M over 24 hours, with 86% of those liquidations hitting Longs. This indicates that some of the selling pressure has eased. However, the market remains caught in a tug-of-war, and key liquidity zones still need to be watched closely—for example, support levels below $80,000, which were previously breached and may not yet have been firmly re-established after the recent sharp moves.
Given the current volatility, leveraged risk management remains the number-one priority.
Long liquidity was largely swept away after this round of forced position closures. Is the current price range attractive enough to draw in new Longs, or is this just a brief lull before the next move? 🧐 Data shows that liquidations on Binance Futures peaked at $385.89M over 24 hours, with 86% of those liquidations hitting Longs. This indicates that some of the selling pressure has eased. However, the market remains caught in a tug-of-war, and key liquidity zones still need to be watched closely—for example, support levels below $80,000, which were previously breached and may not yet have been firmly re-established after the recent sharp moves.
Given the current volatility, leveraged risk management remains the number-one priority.