Liquidations: Late Long Positions Under Pressure:
BTC: Binance Liquidation Delta, shows a clear pattern: large-scale liquidations of long positions (marked in green) consistently punctuating the market, sometimes exceeding $40 million in hourly waves. Interestingly, these liquidation events do not coincide with an aggressive flip in short liquidations , suggesting that many leveraged long traders are being forced out, but there’s little retaliatory squeeze on shorts.
Funding environment cool down:
What’s crucial here is that despite these waves of long liquidations, the funding rates on Binance remain largely neutral or hovering near zero. This means that perpetual futures traders are not overpaying to stay long or short, indicating a lack of extreme directional bias even as longs get flushed out. In simpler terms: the derivatives market is not signaling panic, nor euphoria, just cautious recalibration.
Whale Screener: Over $500 Million Pulled Out:
Switching focus to whale behavior, the Whales Screener chart highlights a striking observation. todays, the combined net outflows of Bitcoin and Ethereum from spot exchanges surpassed $500 million.
Conclusion: Bitcoin Poised for a Potential Upswing Amid Market Reset
While short-term volatility persists, the convergence of neutral funding rates, liquidations resetting leverage, and whale accumulation patterns suggests that Bitcoin could be gearing up for its next upward move.
Written by Amr Taha
