Longs took the worst of the Binance-hack selloff.
About $1.55B was liquidated in 24 hours and roughly $1.34B of it was longs (CoinStats). That is a crowded long bias getting flushed, with $BTC near $77K and $ETH near $2,240. The Fear and Greed Index sits around 30.
My take: flushes like this clear leverage, but they don't tell you direction by themselves. Not financial advice.
Were you running leverage through this dip, or sitting in spot waiting? Curious what traders here did.
#Liquidations #Bitcoin #Ethereum
About $1.55B was liquidated in 24 hours and roughly $1.34B of it was longs (CoinStats). That is a crowded long bias getting flushed, with $BTC near $77K and $ETH near $2,240. The Fear and Greed Index sits around 30.
My take: flushes like this clear leverage, but they don't tell you direction by themselves. Not financial advice.
Were you running leverage through this dip, or sitting in spot waiting? Curious what traders here did.
#Liquidations #Bitcoin #Ethereum