The second liquidation wave after the hack turned out to be much smaller — but longs still took the biggest hit.
Key figures:
• Around $400 million in positions liquidated over 24 hours (CoinGlass via CoinCentral Oct 31 & CryptoTimes Oct 31): 91–93 thousand traders, around 73–77% of them long
• BTC led: around $142 million, followed by ETH at around $31–33 million
• For comparison: last Friday saw $1.57 billion and around 242 thousand traders — so forced selling today was only about a quarter as intense
My take: this isn’t a sign that the market is recovering — BTC is still around $77,300, below $80,000, and sentiment is still fearful. But it is a sign that forced liquidations are slowing: fewer positions remain, and the speculators still in the market are more cautious. One dataset isn’t enough to say the bottom is in — easing liquidations without fresh buying flows just means there are fewer forced sellers, not that buyers are coming in.
What I’m watching next: Binance withdrawals reopening (target: Sunday), ETF flows on Monday, Nov 2, and whether the $76,280–$76,340 low holds.
Do you think these slowing liquidations are the start of stabilization, or just a pause before the next wave?
This is my analysis, not financial advice — always DYOR.
#Likuidasi #Leverage $BTC $ETH
Key figures:
• Around $400 million in positions liquidated over 24 hours (CoinGlass via CoinCentral Oct 31 & CryptoTimes Oct 31): 91–93 thousand traders, around 73–77% of them long
• BTC led: around $142 million, followed by ETH at around $31–33 million
• For comparison: last Friday saw $1.57 billion and around 242 thousand traders — so forced selling today was only about a quarter as intense
My take: this isn’t a sign that the market is recovering — BTC is still around $77,300, below $80,000, and sentiment is still fearful. But it is a sign that forced liquidations are slowing: fewer positions remain, and the speculators still in the market are more cautious. One dataset isn’t enough to say the bottom is in — easing liquidations without fresh buying flows just means there are fewer forced sellers, not that buyers are coming in.
What I’m watching next: Binance withdrawals reopening (target: Sunday), ETF flows on Monday, Nov 2, and whether the $76,280–$76,340 low holds.
Do you think these slowing liquidations are the start of stabilization, or just a pause before the next wave?
This is my analysis, not financial advice — always DYOR.
#Likuidasi #Leverage $BTC $ETH