#Liquidations
Market Bloodbath: Crypto Market Sees $435M in Liquidations 📉
Another storm has hit the crypto industry: over the last 24 hours, liquidation volume reached $435–440 million, affecting nearly 92,000 traders. The market has once again demonstrated the brutal reality of high leverage.
📊 Key Figures:
Who took the biggest hit: Long positions bore the brunt of the impact, accounting for $269 million (61.2%), while short positions lost $171 million.
Leading the decline: Bitcoin topped the list with $163.8 million in liquidations, followed by Ethereum with $68 million.
Exchanges: Hyperliquid ($39.8 million) and Binance ($29 million) saw the highest liquidation volumes; Binance also recorded the single largest liquidation—an $ETH /USDT position worth $5.03 million.
🔍 What’s the situation with Bitcoin ($BTC )?
BTC is trading around $78,006 following a pullback from its October highs near $87,000. Attention is now focused on a critical support zone between $76,000 and $78,000, where long-term moving averages converge.
📉 Support: If this zone is breached, the next potential levels of support are $74,000 and possibly $70,000.
📈 Resistance: The immediate hurdle lies in the $80,000–$82,000 range. Momentum: The RSI is sliding into the lower half of the range—bullish momentum is fading, though the market is not yet fully oversold.
⚠️ High leverage and risk management are once again playing a key role. Will the market hold current support, or are we bracing for a new wave?
Market Bloodbath: Crypto Market Sees $435M in Liquidations 📉
Another storm has hit the crypto industry: over the last 24 hours, liquidation volume reached $435–440 million, affecting nearly 92,000 traders. The market has once again demonstrated the brutal reality of high leverage.
📊 Key Figures:
Who took the biggest hit: Long positions bore the brunt of the impact, accounting for $269 million (61.2%), while short positions lost $171 million.
Leading the decline: Bitcoin topped the list with $163.8 million in liquidations, followed by Ethereum with $68 million.
Exchanges: Hyperliquid ($39.8 million) and Binance ($29 million) saw the highest liquidation volumes; Binance also recorded the single largest liquidation—an $ETH /USDT position worth $5.03 million.
🔍 What’s the situation with Bitcoin ($BTC )?
BTC is trading around $78,006 following a pullback from its October highs near $87,000. Attention is now focused on a critical support zone between $76,000 and $78,000, where long-term moving averages converge.
📉 Support: If this zone is breached, the next potential levels of support are $74,000 and possibly $70,000.
📈 Resistance: The immediate hurdle lies in the $80,000–$82,000 range. Momentum: The RSI is sliding into the lower half of the range—bullish momentum is fading, though the market is not yet fully oversold.
⚠️ High leverage and risk management are once again playing a key role. Will the market hold current support, or are we bracing for a new wave?
