#longwipeout
longwipeout
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$BTC LONG LIQUIDATIONS REACH $313M IN 24H 🔥
The past 24 hours saw $387 million wiped off the board — $313 million of it from longs. That's nearly 80% of all liquidations hitting leveraged bulls, and we haven't even seen a major breakdown yet.
This kind of forced selling usually means the weak hands are out. But it can also trigger cascades if price doesn't hold. Volume is spiking on the downside, and the funding rate just turned negative on a top-tier exchange.
Is the leverage cleared enough for a bounce or is this just the first wave?
Not financial advice. Always manage your risk.
#BTC #Liquidation #Crypto #LongWipeout
🔥
The past 24 hours saw $387 million wiped off the board — $313 million of it from longs. That's nearly 80% of all liquidations hitting leveraged bulls, and we haven't even seen a major breakdown yet.
This kind of forced selling usually means the weak hands are out. But it can also trigger cascades if price doesn't hold. Volume is spiking on the downside, and the funding rate just turned negative on a top-tier exchange.
Is the leverage cleared enough for a bounce or is this just the first wave?
Not financial advice. Always manage your risk.
#BTC #Liquidation #Crypto #LongWipeout
🔥
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