The latest data from Coinglass is quite interesting: there was $144 million in liquidations across the entire network. Longs were almost completely wiped out—$142 million in long positions were liquidated, while only a little over $2 million in shorts were affected.
ETH was hit even harder, with $76.61 million in liquidations for that single coin. BTC was relatively milder, with $22.92 million in liquidations.
With this wave of long liquidations, do you think it’s a shakeout or a signal of a trend reversal? When market sentiment is this extreme, there’s often opportunity hidden within. What’s your take?
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NeverPresent
· 23h ago
The bulls got beaten up badly.
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MidnightTrader
· 23h ago
The bottom is a ruthless dog, dare to increase positions
#ETH走势分析 $ETH $BNB
What happened in the past hour?
The latest data from Coinglass is quite interesting: there was $144 million in liquidations across the entire network. Longs were almost completely wiped out—$142 million in long positions were liquidated, while only a little over $2 million in shorts were affected.
ETH was hit even harder, with $76.61 million in liquidations for that single coin. BTC was relatively milder, with $22.92 million in liquidations.
With this wave of long liquidations, do you think it’s a shakeout or a signal of a trend reversal? When market sentiment is this extreme, there’s often opportunity hidden within. What’s your take?