The entire network has liquidated 370 million USD, and the average regression window in the crypto market has emerged.
According to the latest data from Coinglass, the liquidation scale in the crypto market reached 370 million USD in the past 24 hours, with long positions becoming the hardest hit area—135 million USD in BTC long positions were forcibly liquidated, and 123,000 traders left the market in despair.
The current market greed index has dropped to 18, clearly entering a phase of significant overselling. Based on historical trends, after such a scale of leveraged liquidation, the market often triggers a 3%-5% mean reversion rebound.
Funding signals are simultaneously showing signs of warming: BTC's spot buying density at the critical price level of 85000 has significantly increased in the past half hour; ETH is also displaying signs of short squeezing around the 2800 line, with short-term rebound momentum building up.
