🚨 BITCOIN LIQUIDATION BLOODBATH!
More than $900 MILLION in leveraged BTC positions got wiped out in just 24 hours as Bitcoin dropped below $70,000!
👀 Here’s the shocking part: Around 95% of those liquidations came from LONG traders who were betting on higher prices, according to CoinGlass.
And the damage across the entire crypto market?
💥 $1.64 BILLION liquidated
📉 185,000+ traders wiped out
🐂 Long positions took the biggest hit.
But here’s where things get interesting…
With excessive leverage flushed out and funding rates turning negative, short sellers are now paying long traders.
Could this create the perfect conditions for a SHORT SQUEEZE?
The market may be setting up for its next big move. 🚀
Bitcoin traders, are we heading for another drop or a powerful rebound? 👇
#bitcoin #BTC #CryptoMarket #Liquidations
More than $900 MILLION in leveraged BTC positions got wiped out in just 24 hours as Bitcoin dropped below $70,000!
👀 Here’s the shocking part: Around 95% of those liquidations came from LONG traders who were betting on higher prices, according to CoinGlass.
And the damage across the entire crypto market?
💥 $1.64 BILLION liquidated
📉 185,000+ traders wiped out
🐂 Long positions took the biggest hit.
But here’s where things get interesting…
With excessive leverage flushed out and funding rates turning negative, short sellers are now paying long traders.
Could this create the perfect conditions for a SHORT SQUEEZE?
The market may be setting up for its next big move. 🚀
Bitcoin traders, are we heading for another drop or a powerful rebound? 👇
#bitcoin #BTC #CryptoMarket #Liquidations
