$GIGGLE experienced a notable long liquidation around $67.35797, indicating that bullish positions were heavily over-leveraged and failed to hold the local structure. This liquidation suggests buyers chased higher prices and were caught during rejection from resistance. Such events usually weaken short-term momentum, as forced exits increase selling pressure and confidence shifts toward sellers. After long liquidations of this size, price often enters a corrective phase or extended consolidation while leverage resets. Any bounce toward prior highs may face selling from trapped longs attempting to exit at better prices. Risk remains elevated below reclaimed resistance.
GIGGLEUSDT
Perp
66.74
+2.86%