๐ช๐ต๐ ๐ฑ๐ผ ๐น๐ถ๐พ๐๐ถ๐ฑ๐ฎ๐๐ถ๐ผ๐ป๐ ๐ฐ๐ฎ๐๐ฐ๐ฎ๐ฑ๐ฒ? ๐ง๐ผ๐ฑ๐ฎ๐'๐ $125M ๐๐ต๐ผ๐๐ ๐ถ๐.
A liquidation is the exchange force-closing a leveraged trade when margin runs out. That order hits the book and can push price into the next stop.
So far today (UTC), about $125M in crypto futures were liquidated across major exchanges โ roughly 76% longs. $BTC alone saw about $36M, mostly after September CPI printed hot at 3.7%.
One forced close becomes the next. That is the cascade.
NFA.
#Liquidations #CryptoBasics #Bitcoin
A liquidation is the exchange force-closing a leveraged trade when margin runs out. That order hits the book and can push price into the next stop.
So far today (UTC), about $125M in crypto futures were liquidated across major exchanges โ roughly 76% longs. $BTC alone saw about $36M, mostly after September CPI printed hot at 3.7%.
One forced close becomes the next. That is the cascade.
NFA.
#Liquidations #CryptoBasics #Bitcoin