The crypto market just took a major hit: More than $1.27 billion in derivatives positions were liquidated in just 24 hours! Of that, more than $1.1 billion came from long positions, showing how excessive leverage wiped out the bulls.
This wasn’t just a shock caused by individual traders. At the same time, U.S. spot Bitcoin ETFs saw net outflows of nearly $430.2 million on Thursday alone.
This is extremely alarming. It shows there isn’t enough institutional capital to absorb the selling pressure, causing the market to slide even further.
Analysts have warned that the market cannot recover sustainably on derivatives activity alone. We need real spot-buying inflows to return.
The combination of massive long liquidations and ETF outflows has revealed that recent price volatility was largely driven by forced position changes, rather than solid long-term investment demand. Could this be the bottom of this correction?
#Crypto #Bitcoin
$BTC
This wasn’t just a shock caused by individual traders. At the same time, U.S. spot Bitcoin ETFs saw net outflows of nearly $430.2 million on Thursday alone.
This is extremely alarming. It shows there isn’t enough institutional capital to absorb the selling pressure, causing the market to slide even further.
Analysts have warned that the market cannot recover sustainably on derivatives activity alone. We need real spot-buying inflows to return.
The combination of massive long liquidations and ETF outflows has revealed that recent price volatility was largely driven by forced position changes, rather than solid long-term investment demand. Could this be the bottom of this correction?
#Crypto #Bitcoin
$BTC