The shorts had barely popped the champagne before the longs were carried out—Bitcoin has been punishing anyone who dares defy it these past two days.
After plunging from nearly $85,000 to around $81,200, it liquidated shorts first and then longs—all in a single day. About $455 million vanished from the market in 24 hours. On the way up, shorts got hit for around $173 million; then, during the 12-hour drop, another $210 million in longs were wiped out. The biggest single liquidation was an $11.8 million long position near $83,500. $ETH had $52.9 million in positions forcibly liquidated in a single day, $48.5 million of them longs. $SOL didn’t escape either: $11.1 million.
In a V-shaped reversal like this, chasing the rally or trying to catch the bottom just gives the market makers more fuel. With leverage, even getting the direction right might not save you from the volatility.
In this double liquidation, which side do you feel sorrier for?
#爆仓 #Futures
Not investment advice. DYOR
After plunging from nearly $85,000 to around $81,200, it liquidated shorts first and then longs—all in a single day. About $455 million vanished from the market in 24 hours. On the way up, shorts got hit for around $173 million; then, during the 12-hour drop, another $210 million in longs were wiped out. The biggest single liquidation was an $11.8 million long position near $83,500. $ETH had $52.9 million in positions forcibly liquidated in a single day, $48.5 million of them longs. $SOL didn’t escape either: $11.1 million.
In a V-shaped reversal like this, chasing the rally or trying to catch the bottom just gives the market makers more fuel. With leverage, even getting the direction right might not save you from the volatility.
In this double liquidation, which side do you feel sorrier for?
#爆仓 #Futures
Not investment advice. DYOR