🚨 Bitcoin bulls are being cornered! $1.32 billion in long positions are underwater, and the next wave of liquidations may still be on the way!
November 13 — Hyperliquid currently has $1.32 billion in open BTC long positions across nearly 25,000 wallets, accounting for 67% of all BTC positions.
A few key figures are worth watching:
📉 Average entry price for longs: $75,565, while the current price is just $68,588.
💰 Cumulative unrealized losses on longs: $130 million.
⚠️ 95% of long positions are currently at a loss.
Over the past 24 hours, $258 million in BTC long positions have already been liquidated.
If BTC falls to $65,000, another $228 million in long positions are expected to face liquidation; at $60,000, that figure could rise to $427 million!
🔥 My take: The biggest risk in the market right now is that long positions are far too crowded!
If prices keep falling, forced liquidations of highly leveraged longs could trigger a chain reaction: liquidations bring selling pressure, which pushes prices down further.
But don’t rush to blindly short the market either—extremely crowded shorts can also get caught in a reversal.
📌 For now, keep a close eye on liquidation risks around $65,000, manage your leverage, and wait patiently for the trend to confirm.
There’s never a shortage of opportunities in the market; what’s scarce is the ability to survive a liquidation storm! ⚡$BTC $HYPE
November 13 — Hyperliquid currently has $1.32 billion in open BTC long positions across nearly 25,000 wallets, accounting for 67% of all BTC positions.
A few key figures are worth watching:
📉 Average entry price for longs: $75,565, while the current price is just $68,588.
💰 Cumulative unrealized losses on longs: $130 million.
⚠️ 95% of long positions are currently at a loss.
Over the past 24 hours, $258 million in BTC long positions have already been liquidated.
If BTC falls to $65,000, another $228 million in long positions are expected to face liquidation; at $60,000, that figure could rise to $427 million!
🔥 My take: The biggest risk in the market right now is that long positions are far too crowded!
If prices keep falling, forced liquidations of highly leveraged longs could trigger a chain reaction: liquidations bring selling pressure, which pushes prices down further.
But don’t rush to blindly short the market either—extremely crowded shorts can also get caught in a reversal.
📌 For now, keep a close eye on liquidation risks around $65,000, manage your leverage, and wait patiently for the trend to confirm.
There’s never a shortage of opportunities in the market; what’s scarce is the ability to survive a liquidation storm! ⚡$BTC $HYPE
