$SOXL Approximately $321.57 million in Bitcoin derivatives positions were liquidated over 24 hours, as part of a broader crypto market liquidation triggered by an excess of long positions and macroeconomic jitters.
BTC liquidations worth $321.57 million over 24 hours are part of a broader wave of crypto market liquidations exceeding $1 billion, mostly involving long positions.
Despite this shake-up, open interest in derivatives remains above its level from a day ago, and funding has moderated, although it remains slightly positive.
The next signals to watch are whether BTC holds key support zones, the direction of flows into ETFs, and whether macro pressure from technology stocks and interest rates eases.
BTC liquidations worth $321.57 million over 24 hours are part of a broader wave of crypto market liquidations exceeding $1 billion, mostly involving long positions.
Despite this shake-up, open interest in derivatives remains above its level from a day ago, and funding has moderated, although it remains slightly positive.
The next signals to watch are whether BTC holds key support zones, the direction of flows into ETFs, and whether macro pressure from technology stocks and interest rates eases.