Huge quantities are being unloaded from $BTC
BTCUSDT
Perp
92,987.1
+2.51%
and $ETH
ETHUSDT
Perp
3,324.02
+6.29%
every minute.
It seems this is a forced sale, not a natural market flow.
Billions in long positions are being liquidated at the moment.
Open interest is witnessing a significant decline. Funding has turned negative immediately.
The whales have pulled liquidity, and the order books are thin, with each sale triggering more liquidations.
The market is in a complete state of deterioration. Stay alert.
