Nearly $1B wiped in 24 hours. That's not noise — that's a full flush.
When you see liquidations stacking like this, the market just cleared out leverage on one side. Question is: did we kill the longs or the shorts? Check the OI drop and funding reset. If OI collapsed and funding flipped, we might be at a local bottom. If it's still elevated, more pain ahead.
Don't chase the bounce yet. Let price show you structure first. Wait for a base, then look for your entry window.
Stay liquid. Stay patient. 🔥
When you see liquidations stacking like this, the market just cleared out leverage on one side. Question is: did we kill the longs or the shorts? Check the OI drop and funding reset. If OI collapsed and funding flipped, we might be at a local bottom. If it's still elevated, more pain ahead.
Don't chase the bounce yet. Let price show you structure first. Wait for a base, then look for your entry window.
Stay liquid. Stay patient. 🔥