โ๐ Ethereum Liquidation Alert: Bulls getting "Rekt"?
โThe latest data for $ETH shows a significant wave of liquidations over the last 12 to 24 hours. Hereโs a breakdown of whatโs happening in the market:
โ๐ The Numbers:
โ24H Total Liquidations: A massive $166.66M has been wiped out.
โLongs vs. Shorts: The bulls are taking the hardest hit. Out of the total, $134.49M were Long positions, while only $32.17M were Shorts.
โThe 12H Surge: Most of this action happened recently, with $155.83M liquidated in just the last 12 hours.
โ๐ What does this mean?
โWhen "Longs" are liquidated in such high volumes, it usually indicates a sharp, unexpected price drop that caught over-leveraged buyers off guard. This "long squeeze" can often lead to further downward pressure or a search for a solid price floor.
โ๐ก Market Sentiment:
โThe market is currently highly volatile. Seeing over 80% of liquidations coming from Long positions suggests that the recent price correction has been much deeper than many traders anticipated.
โTrading Tip: In times of high liquidations, volatility is king. Be careful with high leverage and always use stop-losses to protect your capital. ๐ก๏ธ
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