$1.1 billion liquidated overnight, and I failed to get out again
I checked just before bed last night: BTC was above $78,000. When I got up this morning, it was just over $75,500.
In one night, 200,000 people got liquidated.
According to CoinGlass, $1.033 billion was liquidated across the market in the past 24 hours, forcing 198,931 traders to close their positions. $880 million was wiped out in just four hours, with longs accounting for more than 90% of it. The biggest single liquidation was on Binance: a $10.94 million ETH long, wiped out in one go.
BTC fell as low as $75,558, ETH dipped to $2,237, and BNB, SOL, and XRP all dropped too, with 24-hour losses ranging from 5% to 7%. This wasn't just one coin falling—the entire market got pushed down at once.
Why did it drop? It really wasn't just a crypto thing.
U.S. stocks crashed first. The Nasdaq took a heavy hit, led down by chip stocks. After the Democrats' big midterm election win, the market is worried Congress will tighten AI regulations. Tech stocks sold off first, and BTC followed. In short, yesterday's post-election rally was completely erased in a single day.
There are two other stories many people haven't noticed yet.
One is Trump Media, which transferred 4,259 BTC to Crypto.com on November 5, worth $342 million. The other is Keel Infrastructure, which sold all 2,520 BTC it held in the third quarter, cashing out $192 million at an average price of $76,200 and exiting its position.
Whales are moving, retail traders are holding on, and leveraged positions are getting liquidated. That's what happened last night.
I didn't open a trade last night. Not because I'm especially good at this—after I finished writing that article the day before yesterday, I said that chasing longs with leverage in this kind of market is just handing money to the market.
Tonight is the real test.
At 21:30, the U.S. October nonfarm payrolls report comes out. The forecast is 62,000 new jobs; September's previous reading was just 29,000. Also today, $2.65 billion in BTC options expire, with the max pain price at $79,000. Just watch two levels: can BTC get back above $76,000 and $78,000, and can ETH reclaim $2,300?
What do you think happens tonight: A, we keep falling below $75,000, or B, we make a straight V-shaped recovery and get back above $78,000? Pick a side in the comments.
$BTC $ETH
#比特币 #爆仓数据 #非农
I checked just before bed last night: BTC was above $78,000. When I got up this morning, it was just over $75,500.
In one night, 200,000 people got liquidated.
According to CoinGlass, $1.033 billion was liquidated across the market in the past 24 hours, forcing 198,931 traders to close their positions. $880 million was wiped out in just four hours, with longs accounting for more than 90% of it. The biggest single liquidation was on Binance: a $10.94 million ETH long, wiped out in one go.
BTC fell as low as $75,558, ETH dipped to $2,237, and BNB, SOL, and XRP all dropped too, with 24-hour losses ranging from 5% to 7%. This wasn't just one coin falling—the entire market got pushed down at once.
Why did it drop? It really wasn't just a crypto thing.
U.S. stocks crashed first. The Nasdaq took a heavy hit, led down by chip stocks. After the Democrats' big midterm election win, the market is worried Congress will tighten AI regulations. Tech stocks sold off first, and BTC followed. In short, yesterday's post-election rally was completely erased in a single day.
There are two other stories many people haven't noticed yet.
One is Trump Media, which transferred 4,259 BTC to Crypto.com on November 5, worth $342 million. The other is Keel Infrastructure, which sold all 2,520 BTC it held in the third quarter, cashing out $192 million at an average price of $76,200 and exiting its position.
Whales are moving, retail traders are holding on, and leveraged positions are getting liquidated. That's what happened last night.
I didn't open a trade last night. Not because I'm especially good at this—after I finished writing that article the day before yesterday, I said that chasing longs with leverage in this kind of market is just handing money to the market.
Tonight is the real test.
At 21:30, the U.S. October nonfarm payrolls report comes out. The forecast is 62,000 new jobs; September's previous reading was just 29,000. Also today, $2.65 billion in BTC options expire, with the max pain price at $79,000. Just watch two levels: can BTC get back above $76,000 and $78,000, and can ETH reclaim $2,300?
What do you think happens tonight: A, we keep falling below $75,000, or B, we make a straight V-shaped recovery and get back above $78,000? Pick a side in the comments.
$BTC $ETH
#比特币 #爆仓数据 #非农
