Liquidation check: roughly $130M wiped out in 24 hours, and about $74M of it was longs (Coinglass).
$BTC held a tight $77,600 to $78,500 range while open interest rose 0.65%. Leverage is creeping back in even though the Fear & Greed Index still sits at 37.
My take: a quiet range with rising open interest is when one sharp move can flush a lot of positions in either direction. Patience beats chasing here.
Are you running leverage into election week, or sitting in spot until the dust settles?
#Bitcoin #Liquidations #CryptoMarket
Not financial advice.
$BTC held a tight $77,600 to $78,500 range while open interest rose 0.65%. Leverage is creeping back in even though the Fear & Greed Index still sits at 37.
My take: a quiet range with rising open interest is when one sharp move can flush a lot of positions in either direction. Patience beats chasing here.
Are you running leverage into election week, or sitting in spot until the dust settles?
#Bitcoin #Liquidations #CryptoMarket
Not financial advice.