Liquidations hit 365.9 million dollars in 24 hours, and that is why the morning felt so heavy. đ„
CoinGlass data, reported in the NDTV live blog on 3 November, puts total 24 hour liquidations at 365.9 million dollars across 93,206 traders, with Bitcoin liquidations at 85.15 million dollars, Ethereum at 54.21 million dollars and Solana at 24.10 million dollars. đ My reading is that this was a long squeeze, not a single coin accident, because the biggest losses sat in the biggest coins, which usually means leveraged longs were caught together when Bitcoin slipped below 77,000 dollars. When liquidations stack up like this, bounces tend to be sold until the forced selling clears.
Did the 365.9 million dollar washout clear the leverage, or is there another wave waiting below 76,498? đ€
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #Liquidations
CoinGlass data, reported in the NDTV live blog on 3 November, puts total 24 hour liquidations at 365.9 million dollars across 93,206 traders, with Bitcoin liquidations at 85.15 million dollars, Ethereum at 54.21 million dollars and Solana at 24.10 million dollars. đ My reading is that this was a long squeeze, not a single coin accident, because the biggest losses sat in the biggest coins, which usually means leveraged longs were caught together when Bitcoin slipped below 77,000 dollars. When liquidations stack up like this, bounces tend to be sold until the forced selling clears.
Did the 365.9 million dollar washout clear the leverage, or is there another wave waiting below 76,498? đ€
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Liquidations
