$403M of longs got wiped out in ONE hour 🩸
$BTC slipped under $84,000 overnight, tagging ~$83,800 after dropping about $1,600 in roughly 15 minutes.
What the data says:
• 97% of the flush was longs, so it hit one side of the market
• $ETH longs ($155M) got hit harder than BTC longs ($116M)
• Open interest is still ~$150B, so most of the leverage survived
• Oil near $101.50 and the 10Y yield at 5.31% added pressure
Levels everyone is watching: $83,000 (FxPro's "sellers in control" line), then $80,000. Bulls need $87K back to kill the bear case.
Fed minutes drop tonight at 2 PM ET.
Was this a healthy leverage reset, or the start of a run to $80K? 👇
#Bitcoin #Liquidations #CryptoNews #FOMC
$BTC slipped under $84,000 overnight, tagging ~$83,800 after dropping about $1,600 in roughly 15 minutes.
What the data says:
• 97% of the flush was longs, so it hit one side of the market
• $ETH longs ($155M) got hit harder than BTC longs ($116M)
• Open interest is still ~$150B, so most of the leverage survived
• Oil near $101.50 and the 10Y yield at 5.31% added pressure
Levels everyone is watching: $83,000 (FxPro's "sellers in control" line), then $80,000. Bulls need $87K back to kill the bear case.
Fed minutes drop tonight at 2 PM ET.
Was this a healthy leverage reset, or the start of a run to $80K? 👇
#Bitcoin #Liquidations #CryptoNews #FOMC
