Down just 1.7%, yet nearly $300 million liquidated in 12 hours—have the bulls been squeezed out first?
BTC is around $76,900, down just 1.65% over 24 hours.
About $298 million in crypto positions were liquidated across the market in 12 hours, including about $271 million in longs, or roughly 91%.
The previous full day saw only about $64.2 million liquidated—nearly a fivefold surge.
ETH is around $2,256, down 0.62%; SOL is around $92, BNB around $700, and total market cap is about $2.674 trillion.
BTC’s Binance funding rate is about +0.0100% per 8 hours, still near the neutral baseline and not negative.
My take: The price decline is modest, but longs have been heavily flushed out. In the short term, watch whether leverage keeps getting squeezed rather than jumping straight into a dip-buy.
Which side are you on: Is this a leverage flush, or just the beginning of a decline?
Updated daily at 11:47 with key overnight levels and changes in three metrics. Follow for updates.
Risk disclaimer: These are personal views, not investment advice. No returns are guaranteed.
#BinanceRestores28FiatWithdrawalOptions #Bitcoin #Ethereum $BTC $ETH
BTC is around $76,900, down just 1.65% over 24 hours.
About $298 million in crypto positions were liquidated across the market in 12 hours, including about $271 million in longs, or roughly 91%.
The previous full day saw only about $64.2 million liquidated—nearly a fivefold surge.
ETH is around $2,256, down 0.62%; SOL is around $92, BNB around $700, and total market cap is about $2.674 trillion.
BTC’s Binance funding rate is about +0.0100% per 8 hours, still near the neutral baseline and not negative.
My take: The price decline is modest, but longs have been heavily flushed out. In the short term, watch whether leverage keeps getting squeezed rather than jumping straight into a dip-buy.
Which side are you on: Is this a leverage flush, or just the beginning of a decline?
Updated daily at 11:47 with key overnight levels and changes in three metrics. Follow for updates.
Risk disclaimer: These are personal views, not investment advice. No returns are guaranteed.
#BinanceRestores28FiatWithdrawalOptions #Bitcoin #Ethereum $BTC $ETH