Nasdaq is down 1%, Bitcoin is down 6%, and leverage has amplified the losses.
The nastiest part of a liquidation cascade often isn’t triggered by news—it’s long positions triggering one another’s liquidations. In this kind of market, focus on two things: don’t chase shorts; wait for liquidation volume to subside and for the price to reclaim the consolidation range it broke below. The current price is 75,654. Compared with the previous high above 80,000, 76,500 is the first hurdle: if it can’t get back above that level, look down to 73,800; if it reclaims it, the first target is 78,200. ETH is currently at 2,230, down 7.7%. The deeper the drop, the more concentrated the liquidations—and the greater the rebound potential, but also the sharper the breakdown. $BTC $ETH
Do you keep a closer eye on liquidation data or order book depth?
The nastiest part of a liquidation cascade often isn’t triggered by news—it’s long positions triggering one another’s liquidations. In this kind of market, focus on two things: don’t chase shorts; wait for liquidation volume to subside and for the price to reclaim the consolidation range it broke below. The current price is 75,654. Compared with the previous high above 80,000, 76,500 is the first hurdle: if it can’t get back above that level, look down to 73,800; if it reclaims it, the first target is 78,200. ETH is currently at 2,230, down 7.7%. The deeper the drop, the more concentrated the liquidations—and the greater the rebound potential, but also the sharper the breakdown. $BTC $ETH
Do you keep a closer eye on liquidation data or order book depth?