That plunge to $62,000 entered a dense liquidation zone, but only grazed its edge before bouncing back—this isn’t a bottom; it’s the first real-world test of the liquidation zone.
A $BTC 24-hour low of $62,081, the lowest since July 13; the current price is around $64,756, down 4.35% in 24 hours and 17.26% in 7 days (CoinGecko, snapshot at 10:50 Beijing time on November 15).
Around $1.96 billion in positions were liquidated across the market in the past 24 hours, wiping out 319,000 traders. $645 million in BTC longs were liquidated, compared with just $62 million in shorts (TokenPost).
Glassnode marked this level on November 11: $59,500–$62,600 is the largest liquidation cluster on the six-month chart, and the long positions built during August’s breakout have never been swept.
The Fear and Greed Index fell to 10, signaling extreme fear, down from 13 yesterday.
$ETH approximately $1,811, down 5.28% in 24 hours and 22.51% in 7 days; $SOL approximately $71.13, down 6.45% in 24 hours and 23.93% in 7 days.
My take: the “liquidation wave receding” narrative lasted only a few hours before being overturned by a fresh $1.96 billion liquidation wave. Leverage hasn’t been fully flushed out; the previous round’s fuel simply ran out, and each step lower in price ignites another round.
The key point: this rebound doesn’t mean buyers successfully called the bottom. James Check says this is the fourth “capitulation-style sell-off” since the all-time high, with sellers mainly being short-term holders who bought above $80,000. At the same time, Glassnode sees mid-to-large holders with 100–10,000 coins selectively accumulating—the on-chain value signals and price signals are at odds.
Watch three things next: whether the weekly close tonight can hold above around $63,700—a break below would make this the worst week since July 2024; whether the price retests the lower end of the $59,500 range, since sweeping it clean and holding it are two different things; and whether ETF flows can stabilize on Monday, as BTC ETFs have seen net outflows for seven consecutive trading days.
After this latest drop, have you already started buying in gradually, or are you waiting to see Monday’s ETF data? Do you think the $60,000 round-number level will be swept through in one go, or will price churn here and form a bottom?
#比特币 #爆仓 #MarketAnalysis
The above is for informational purposes only and does not constitute investment advice.
A $BTC 24-hour low of $62,081, the lowest since July 13; the current price is around $64,756, down 4.35% in 24 hours and 17.26% in 7 days (CoinGecko, snapshot at 10:50 Beijing time on November 15).
Around $1.96 billion in positions were liquidated across the market in the past 24 hours, wiping out 319,000 traders. $645 million in BTC longs were liquidated, compared with just $62 million in shorts (TokenPost).
Glassnode marked this level on November 11: $59,500–$62,600 is the largest liquidation cluster on the six-month chart, and the long positions built during August’s breakout have never been swept.
The Fear and Greed Index fell to 10, signaling extreme fear, down from 13 yesterday.
$ETH approximately $1,811, down 5.28% in 24 hours and 22.51% in 7 days; $SOL approximately $71.13, down 6.45% in 24 hours and 23.93% in 7 days.
My take: the “liquidation wave receding” narrative lasted only a few hours before being overturned by a fresh $1.96 billion liquidation wave. Leverage hasn’t been fully flushed out; the previous round’s fuel simply ran out, and each step lower in price ignites another round.
The key point: this rebound doesn’t mean buyers successfully called the bottom. James Check says this is the fourth “capitulation-style sell-off” since the all-time high, with sellers mainly being short-term holders who bought above $80,000. At the same time, Glassnode sees mid-to-large holders with 100–10,000 coins selectively accumulating—the on-chain value signals and price signals are at odds.
Watch three things next: whether the weekly close tonight can hold above around $63,700—a break below would make this the worst week since July 2024; whether the price retests the lower end of the $59,500 range, since sweeping it clean and holding it are two different things; and whether ETF flows can stabilize on Monday, as BTC ETFs have seen net outflows for seven consecutive trading days.
After this latest drop, have you already started buying in gradually, or are you waiting to see Monday’s ETF data? Do you think the $60,000 round-number level will be swept through in one go, or will price churn here and form a bottom?
#比特币 #爆仓 #MarketAnalysis
The above is for informational purposes only and does not constitute investment advice.