【After $2 billion in liquidations, how many of the riskiest long positions remain?】
Over the past 24 hours, approximately $1.96 billion in crypto futures positions were liquidated across the market. Long positions accounted for $1.685 billion, or about 86%. This means the vast majority of liquidations came from traders betting on prices to rise. After $BTC fell below $63,000, longs with insufficient margin were forcibly liquidated by exchanges. The resulting sell orders pushed prices down further, triggering a classic long squeeze.
This downturn is no longer just a price correction. BTC briefly fell to $63,311, $ETH hit a low of $1,731, and $SOL also dropped by more than 10%. More concerning, sustained ETF outflows and declining risk appetite had already weakened buying support, while leveraged liquidations unleashed concentrated selling pressure.
The scale of the liquidations shows that the market has undergone severe deleveraging, but it doesn't mean selling pressure has been fully exhausted. What really matters now is whether spot buyers can absorb the sell-off after the wave of liquidations, and whether BTC can regain key levels. Those rushing to buy the dip now may simply end up catching the next wave of liquidations.
#加密市场大幅回调，多名巨鲸遭遇清算
Over the past 24 hours, approximately $1.96 billion in crypto futures positions were liquidated across the market. Long positions accounted for $1.685 billion, or about 86%. This means the vast majority of liquidations came from traders betting on prices to rise. After $BTC fell below $63,000, longs with insufficient margin were forcibly liquidated by exchanges. The resulting sell orders pushed prices down further, triggering a classic long squeeze.
This downturn is no longer just a price correction. BTC briefly fell to $63,311, $ETH hit a low of $1,731, and $SOL also dropped by more than 10%. More concerning, sustained ETF outflows and declining risk appetite had already weakened buying support, while leveraged liquidations unleashed concentrated selling pressure.
The scale of the liquidations shows that the market has undergone severe deleveraging, but it doesn't mean selling pressure has been fully exhausted. What really matters now is whether spot buyers can absorb the sell-off after the wave of liquidations, and whether BTC can regain key levels. Those rushing to buy the dip now may simply end up catching the next wave of liquidations.
#加密市场大幅回调，多名巨鲸遭遇清算
