đĽ Liquidation Levels â Short-Term Overview for Top Cryptos
Our aggregated Liquidation Levels indicator reveals clear differences in trader behavior between BTC and Altcoins:
Bitcoin ($BTC):
BTC surged past $120K in open interest, hitting a key bear (short) liquidation pool, which triggered over $27M in short liquidations in the past 24 hours. Many traders had their stops taken out.
Ethereum ($ETH ):
ETH saw heavy long accumulation over the past 3 days, making it more vulnerable today, with increased long liquidations. Still, net positioning remains long-biased.
$BNB :
Initially, many traders opened shorts, but sentiment has shifted toward longs.
Above $780: Strong short concentration.
Below $740: Bulls may face pressure.
$XRP :
One of the top altcoins with a high short-term long concentration, which has weakened its price.
Below $0.34 could trigger further downside for bulls.
â ď¸ Tracking liquidation levels can give you an edge, especially in times of indecision. Avoid unnecessary stops and liquidations.
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