• Mass liquidations. According to Coinglass, over the past 24 hours, margin positions worth around $1.9 billion were forcibly closed on crypto exchanges. The vast majority of losses (around 90%) came from traders’ long positions, who were betting on prices rising.

  • Funding rates decline. In perpetual futures markets, funding rates on $BTC (0.0020%) and $ETH (0.0001%) fell below neutral levels, indicating a predominance of bearish sentiment.

    ETH
    ETH
    1,829.03
    +4.86%

    BTC
    BTC
    65,204
    +2.40%