Proekt_73
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The sum of liquidations in the crypto market over the past 24 hours has already reached $924 million, of which $743 million are longs.
And this is despite the fact that there was no respite for the bulls over the weekend. It seems that this will continue until everyone wanting to open longs simply loses their deposits. The main victims right now are from #BTC, #ETH, 'Others', #SOL, #XRP, #DOGE.
The potential liquidation map for BTC on #Coinglass indicates that there is nothing left at the bottom. Even a drop to 68,558 results in liquidations of only $610 million. However, a sharp rise to 89,682 leads to liquidations of $6.31 billion. A tenfold difference.
One could say that the market does not follow the rule 'price follows liquidity'. But after several days, the total liquidations of longs amount to about $2 billion, so the market is indeed following liquidity. Just not the type that most would prefer.
The liquidity heat map for BTC on Binance, the brightest levels:
- over 24 hours: $78,364, $79,952, $82,546.
- over a week: $84,550, $86,999.
- over a month: $93,292, $99,389-$99,846.
- over 3 months: $104,318, $106,125, $109,50.
- over 6 months: $59,878, $67,140, $99,171-$100,301.
- over a year: $70,497-$74,049.
And this is despite the fact that there was no respite for the bulls over the weekend. It seems that this will continue until everyone wanting to open longs simply loses their deposits. The main victims right now are from #BTC, #ETH, 'Others', #SOL, #XRP, #DOGE.
The potential liquidation map for BTC on #Coinglass indicates that there is nothing left at the bottom. Even a drop to 68,558 results in liquidations of only $610 million. However, a sharp rise to 89,682 leads to liquidations of $6.31 billion. A tenfold difference.
One could say that the market does not follow the rule 'price follows liquidity'. But after several days, the total liquidations of longs amount to about $2 billion, so the market is indeed following liquidity. Just not the type that most would prefer.
The liquidity heat map for BTC on Binance, the brightest levels:
- over 24 hours: $78,364, $79,952, $82,546.
- over a week: $84,550, $86,999.
- over a month: $93,292, $99,389-$99,846.
- over 3 months: $104,318, $106,125, $109,50.
- over 6 months: $59,878, $67,140, $99,171-$100,301.
- over a year: $70,497-$74,049.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.