Crypto just witnessed a massive liquidation wave, while institutional ETF money continues flowing out.
24-hour liquidations: $1.64 BILLION.
According to the screenshots:
- Total liquidations: $1.64B
- Long positions: $1.45B (88.7%)
- Short positions: $185.77M (11.3%)
- 185,280 traders liquidated.
- Largest single liquidation: $31.09M (BTC-USD).
The ETF picture isn't looking much better.
November 12 spot ETF flows:
- Bitcoin ETFs: -$47.70M
- Ethereum ETFs: -$8.00M
- Solana ETFs: +$1.70M
Bitcoin and Ethereum ETFs recorded net outflows, while Solana ETFs managed a small inflow.
The bigger picture:
- Nearly 9 out of every 10 dollars liquidated came from leveraged longs.
- BTC and ETH ETF flows were negative on the same day.
- Leverage is getting flushed while institutional ETF demand shows signs of weakness.
When leveraged bulls get wiped out and ETF money heads for the exit, who is catching the falling knife?
24-hour liquidations: $1.64 BILLION.
According to the screenshots:
- Total liquidations: $1.64B
- Long positions: $1.45B (88.7%)
- Short positions: $185.77M (11.3%)
- 185,280 traders liquidated.
- Largest single liquidation: $31.09M (BTC-USD).
The ETF picture isn't looking much better.
November 12 spot ETF flows:
- Bitcoin ETFs: -$47.70M
- Ethereum ETFs: -$8.00M
- Solana ETFs: +$1.70M
Bitcoin and Ethereum ETFs recorded net outflows, while Solana ETFs managed a small inflow.
The bigger picture:
- Nearly 9 out of every 10 dollars liquidated came from leveraged longs.
- BTC and ETH ETF flows were negative on the same day.
- Leverage is getting flushed while institutional ETF demand shows signs of weakness.
When leveraged bulls get wiped out and ETF money heads for the exit, who is catching the falling knife?