Today’s crypto selloff looks more like a leverage reset than fresh spot capitulation.
$500M+ in leveraged positions were wiped out, with longs taking most of the hit.
$ETH saw OI fall alongside price, suggesting positions were being closed. $BTC positioning looks less reset.
For me, the key signals now are simple: price stabilization, OI staying flat/down, and real spot buying.
Leverage has been flushed. Now spot demand needs to prove itself. 👀
#BTC #ETH #Ethereum #Binance
$500M+ in leveraged positions were wiped out, with longs taking most of the hit.
$ETH saw OI fall alongside price, suggesting positions were being closed. $BTC positioning looks less reset.
For me, the key signals now are simple: price stabilization, OI staying flat/down, and real spot buying.
Leverage has been flushed. Now spot demand needs to prove itself. 👀
#BTC #ETH #Ethereum #Binance
