$803M liquidated in just 4 hours, and 93% of it was longs.
Coinglass data:
• Longs wiped: $744M
• Shorts wiped: $59.77M
• $ETH: $358M liquidated
• $BTC: $233M liquidated
Reuters says BTC and ETH touched two-month lows after the US midterms, with traders worried about tougher regulation. Odaily also notes Fed hike odds for December rising to 77%.
Take: ETH took more pain than BTC, which says leverage was crowded on the long side. Forced selling like this often marks stress, not a verdict on direction.
Which gets hit harder next: $BTC or $ETH? Not financial advice.
#Liquidations #Bitcoin #Ethereum
Coinglass data:
• Longs wiped: $744M
• Shorts wiped: $59.77M
• $ETH: $358M liquidated
• $BTC: $233M liquidated
Reuters says BTC and ETH touched two-month lows after the US midterms, with traders worried about tougher regulation. Odaily also notes Fed hike odds for December rising to 77%.
Take: ETH took more pain than BTC, which says leverage was crowded on the long side. Forced selling like this often marks stress, not a verdict on direction.
Which gets hit harder next: $BTC or $ETH? Not financial advice.
#Liquidations #Bitcoin #Ethereum