Ethereum and Bitcoin longs are getting wiped out heavily 😭
🔹 $ETH : $286M liquidations — 83.7% longs
🔸 $BTC : $214.29M liquidations — 80.4% longs
🔹 $SOL : $29.32M liquidations
🔸 $ZEC : $17.53M liquidations
🔹 $SNDK : $17.64M liquidations
Market is flushing out overleveraged longs. Now the question is whether buyers can turn this correction into a proper recovery or if another leg down is coming.
🔷 ETHEREUM Bulls trying to recover
Price is trading around $2,427, after bouncing from $2,313 toward $2,448.
This bounce is encouraging, but I want to see buyers defend the $2,380–$2,400 zone. If ETH holds this area and builds strength, we could see a move toward $2,500–$2,550.
If buyers fail to defend $2,380, the recovery could lose momentum. Don’t call it a confirmed reversal just yet.
🟠 BITCOIN Still looking weak
Price is trading around $82,100, and the chart needs to prove that buyers are back.
The immediate support zone is $81,000–$80,500.
If BTC holds this zone and reclaims $82,500, a recovery toward $83,000–$84,000 becomes possible.
But if BTC loses $80,400, things could get ugly again. The next major downside area I’m watching is around $78,000.
#Macro Insights#
🔹 $ETH : $286M liquidations — 83.7% longs
🔸 $BTC : $214.29M liquidations — 80.4% longs
🔹 $SOL : $29.32M liquidations
🔸 $ZEC : $17.53M liquidations
🔹 $SNDK : $17.64M liquidations
Market is flushing out overleveraged longs. Now the question is whether buyers can turn this correction into a proper recovery or if another leg down is coming.
🔷 ETHEREUM Bulls trying to recover
Price is trading around $2,427, after bouncing from $2,313 toward $2,448.
This bounce is encouraging, but I want to see buyers defend the $2,380–$2,400 zone. If ETH holds this area and builds strength, we could see a move toward $2,500–$2,550.
If buyers fail to defend $2,380, the recovery could lose momentum. Don’t call it a confirmed reversal just yet.
🟠 BITCOIN Still looking weak
Price is trading around $82,100, and the chart needs to prove that buyers are back.
The immediate support zone is $81,000–$80,500.
If BTC holds this zone and reclaims $82,500, a recovery toward $83,000–$84,000 becomes possible.
But if BTC loses $80,400, things could get ugly again. The next major downside area I’m watching is around $78,000.
#Macro Insights#