$ETH One wick wiped out 450 million in positions, and the bulls aren’t done getting flushed out yet 👇
On Binance ETHUSDT perpetuals, during the hour starting at 05:00 Beijing time: price plunged straight from 2225 to 2050.32, with roughly 2.3 billion U in hourly trading volume. OI fell from about 5.29 billion U to 4.84 billion U, wiping out roughly 450 million U in leveraged positions in one hour. The current price is around 2134, 24h -4.6%, and the funding rate has turned negative at about -0.008%. By CoinGlass’s figures, ETH liquidations over 24h totaled $343 million, more than BTC’s $229 million. The largest single liquidation was a $48.16 million Binance ETH/USDT long position.
The most painful part: after the wick, long accounts still made up 79%, and the long/short account ratio was 3.79—many people got swept out and then bought back in.
12–48h outlook (inference, not a guarantee): If 2100–2115 holds, price will likely rebound to 2170–2200 to test the area near this morning’s 07:00 rebound high of 2167. If it breaks below the 2050 wick low, the next levels to watch are 2000–1960. Those still crowded into longs then could become fuel for the next wave.
Leverage is an amplifier, not a steering wheel. Keep your position alive first; worry about direction later.
#合约 #币安 #加密货币 #ETH
On Binance ETHUSDT perpetuals, during the hour starting at 05:00 Beijing time: price plunged straight from 2225 to 2050.32, with roughly 2.3 billion U in hourly trading volume. OI fell from about 5.29 billion U to 4.84 billion U, wiping out roughly 450 million U in leveraged positions in one hour. The current price is around 2134, 24h -4.6%, and the funding rate has turned negative at about -0.008%. By CoinGlass’s figures, ETH liquidations over 24h totaled $343 million, more than BTC’s $229 million. The largest single liquidation was a $48.16 million Binance ETH/USDT long position.
The most painful part: after the wick, long accounts still made up 79%, and the long/short account ratio was 3.79—many people got swept out and then bought back in.
12–48h outlook (inference, not a guarantee): If 2100–2115 holds, price will likely rebound to 2170–2200 to test the area near this morning’s 07:00 rebound high of 2167. If it breaks below the 2050 wick low, the next levels to watch are 2000–1960. Those still crowded into longs then could become fuel for the next wave.
Leverage is an amplifier, not a steering wheel. Keep your position alive first; worry about direction later.
#合约 #币安 #加密货币 #ETH