#加密市场大幅回调，多名巨鲸遭遇清算
Bitcoin $BTC hit a low of $62,006 early this morning, down 15% in eight days from $75,868 and 48.9% from its all-time high. According to CoinGlass, $1.951 billion in positions were liquidated across the market in 24 hours, affecting 310,000 traders; long positions accounted for 85.9%.
During the days the decline continued, losses grew larger each day: −1.34% on the 8th, −3.45% on the 12th, −4.40% on the 13th, and −6.10% on the 14th. Bitcoin had already fallen below its 200-day moving average of $73,031 by the close on the 12th.
Liquidations were concentrated before the last four hours.
A total of $1.307 billion in liquidations occurred in the final 12 hours; in the most recent four hours, that figure was just $26 million, or only 1.3%. Liquidations during the eight hours before that were 50 times higher. Yet once the cascade stopped, open interest in Binance BTC perpetuals barely changed: notional open interest fell from $8.24 billion to $6.28 billion, while coin-margined open interest declined by just 51 BTC from 98,002. The largest single liquidation, worth $16.17 million, was a Binance ETH long—not BTC.
Funding rates also don't support the view that “the bottom is in once liquidations end.” Across 60 funding periods over the past 20 days, BTC never had a negative rate. There are two things to watch next: coin-margined open interest falling below 95,000, and funding rates turning negative.
#BTC #加密货币
Bitcoin $BTC hit a low of $62,006 early this morning, down 15% in eight days from $75,868 and 48.9% from its all-time high. According to CoinGlass, $1.951 billion in positions were liquidated across the market in 24 hours, affecting 310,000 traders; long positions accounted for 85.9%.
During the days the decline continued, losses grew larger each day: −1.34% on the 8th, −3.45% on the 12th, −4.40% on the 13th, and −6.10% on the 14th. Bitcoin had already fallen below its 200-day moving average of $73,031 by the close on the 12th.
Liquidations were concentrated before the last four hours.
A total of $1.307 billion in liquidations occurred in the final 12 hours; in the most recent four hours, that figure was just $26 million, or only 1.3%. Liquidations during the eight hours before that were 50 times higher. Yet once the cascade stopped, open interest in Binance BTC perpetuals barely changed: notional open interest fell from $8.24 billion to $6.28 billion, while coin-margined open interest declined by just 51 BTC from 98,002. The largest single liquidation, worth $16.17 million, was a Binance ETH long—not BTC.
Funding rates also don't support the view that “the bottom is in once liquidations end.” Across 60 funding periods over the past 20 days, BTC never had a negative rate. There are two things to watch next: coin-margined open interest falling below 95,000, and funding rates turning negative.
#BTC #加密货币
