In addition to price changes, compare trading volume and open interest as well.
For example: Over the past hour, total liquidations across the market reached $225 million, including $174 million in long liquidations. $BTC was down 6.47% intraday.
This is somewhat bearish and could easily undermine short-term confidence. The key is whether selling pressure continues.
For example: Over the past hour, total liquidations across the market reached $225 million, including $174 million in long liquidations. $BTC was down 6.47% intraday.
This is somewhat bearish and could easily undermine short-term confidence. The key is whether selling pressure continues.
