💥 CoinMarketCap shows more than $800M of long positions liquidated within a single hour in the past 24h, out of about $1.17B in total liquidations (longs about $1.06B, shorts about $110M). $BTC dropped sharply in that hour, bounced partly, then slid again.
Total market cap is around $2.48T (-2.4%), and the Fear & Greed Index is 27 (Fear). Liquidation cascades like this happen when crowded leveraged longs get forced out, adding more selling pressure.
Next, watch funding rates and open interest. If they cool, leverage is being flushed out. Use stop-losses and keep leverage low.
How are you managing leverage right now? 👇
#bitcoin #CryptoNews #trading
Not financial advice. Source: CoinMarketCap (Nov 8)
$ETH
Total market cap is around $2.48T (-2.4%), and the Fear & Greed Index is 27 (Fear). Liquidation cascades like this happen when crowded leveraged longs get forced out, adding more selling pressure.
Next, watch funding rates and open interest. If they cool, leverage is being flushed out. Use stop-losses and keep leverage low.
How are you managing leverage right now? 👇
#bitcoin #CryptoNews #trading
Not financial advice. Source: CoinMarketCap (Nov 8)
$ETH
