#比特币突破8.2万美元
103,612 people liquidated in 24 hours as $359 million was wiped out, 78% of it from long positions 🦖
According to CoinGlass data, $359 million was liquidated across the crypto market over the past 24 hours: $281 million in long positions and just $78.11 million in shorts. The largest single liquidation was $7.27 million.
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At the same time, Bitcoin was trading at $81,072, down 0.22%; Ethereum was at $2,375, down 1.33%; and SOL was down 1.4%. Risk aversion is written all over the charts 💥
This wasn’t a major plunge so much as a pullback that specifically flushed out longs. Bitcoin had only just reclaimed $82,000 the day before, but less than 24 hours later it had slid back to around $81,000.
First, look at the liquidation breakdown: $281 million in longs, or 78.3%, compared with just $78.11 million in shorts. That shows leveraged traders were almost unanimously betting on a rise. All it takes is a small move down for stop-losses and liquidations to trigger one another. A $7.27 million liquidation is enough to punch a hole in a thin order book 📉
Then there’s the spot market. Bitcoin ETFs saw net outflows of $228.6 million this week, after $681.1 million flowed out last week. That’s nearly $1 billion over two weeks, with October still seeing net outflows overall. Liquidations can wipe out leverage, but they can’t eliminate selling pressure from ETFs ⚠️
The macro backdrop hasn’t helped either. September PPI rose to 6.3% year over year, while diesel prices were up 21% year over year—so inflationary pressure is still there. The Fed raised rates to 3.75%–4.00% in September, the first hike since July 2023. Markets put the odds of another 25-basis-point hike in October at just 15.5%, but expectations for December remain around 75%. The cards in Warsh’s hand haven’t gotten any better.
My take: the liquidation of 78% of long positions is a self-correction in an overcrowded trade, not confirmation of a trend reversal. A genuine bottom needs spot buyers to step in, not just short covering. Watch two levels next: the $80,000 mark and whether ETFs return to net inflows next week. If $80,000 holds, this is leverage getting washed out. If it breaks, this pullback could turn from a leverage flush into a trend reversal.
Do you think this is just a leverage flush or the start of a trend reversal? Let’s talk in the comments.
Every day, I bring you the latest crypto market developments—not just what’s happening, but the logic and opportunities behind it 👀🚀
103,612 people liquidated in 24 hours as $359 million was wiped out, 78% of it from long positions 🦖
According to CoinGlass data, $359 million was liquidated across the crypto market over the past 24 hours: $281 million in long positions and just $78.11 million in shorts. The largest single liquidation was $7.27 million.
🕐 最新解读群里更新
At the same time, Bitcoin was trading at $81,072, down 0.22%; Ethereum was at $2,375, down 1.33%; and SOL was down 1.4%. Risk aversion is written all over the charts 💥
This wasn’t a major plunge so much as a pullback that specifically flushed out longs. Bitcoin had only just reclaimed $82,000 the day before, but less than 24 hours later it had slid back to around $81,000.
First, look at the liquidation breakdown: $281 million in longs, or 78.3%, compared with just $78.11 million in shorts. That shows leveraged traders were almost unanimously betting on a rise. All it takes is a small move down for stop-losses and liquidations to trigger one another. A $7.27 million liquidation is enough to punch a hole in a thin order book 📉
Then there’s the spot market. Bitcoin ETFs saw net outflows of $228.6 million this week, after $681.1 million flowed out last week. That’s nearly $1 billion over two weeks, with October still seeing net outflows overall. Liquidations can wipe out leverage, but they can’t eliminate selling pressure from ETFs ⚠️
The macro backdrop hasn’t helped either. September PPI rose to 6.3% year over year, while diesel prices were up 21% year over year—so inflationary pressure is still there. The Fed raised rates to 3.75%–4.00% in September, the first hike since July 2023. Markets put the odds of another 25-basis-point hike in October at just 15.5%, but expectations for December remain around 75%. The cards in Warsh’s hand haven’t gotten any better.
My take: the liquidation of 78% of long positions is a self-correction in an overcrowded trade, not confirmation of a trend reversal. A genuine bottom needs spot buyers to step in, not just short covering. Watch two levels next: the $80,000 mark and whether ETFs return to net inflows next week. If $80,000 holds, this is leverage getting washed out. If it breaks, this pullback could turn from a leverage flush into a trend reversal.
Do you think this is just a leverage flush or the start of a trend reversal? Let’s talk in the comments.
Every day, I bring you the latest crypto market developments—not just what’s happening, but the logic and opportunities behind it 👀🚀