Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Quote
The cryptocurrency market saw roughly $1.7 billion in total liquidations in the past 24 hours, according to public data aggregated on Coinglass.
Coinglass data showed that of the $1.7 billion in liquidations, about $1.62 billion came from long positions. Within the past four hours alone, roughly $1.09 billion was liquidated, including about $1.06 billion in longs.
In the past 24 hours, over 404,000 traders were liquidated, with the total liquidations reaching $1.7 billion. The largest single liquidation order was a $12.74 million BTC-USDT swap on OKX, according to the data.
Liquidations occur when a trader’s positions in a particular market are forcibly closed due to significant losses or insufficient margin to meet the maintenance requirements. The liquidation figures are typically based on publicly available data, which may significantly understate the true extent of market liquidations. In many cases, API limits and incomplete reporting practices result in only a fraction of actual liquidation activity being captured by data aggregators. This incomplete data can lead to an underestimation of market risk and volatility, ultimately distorting the overall picture.
Coinglass data showed that of the $1.7 billion in liquidations, about $1.62 billion came from long positions. Within the past four hours alone, roughly $1.09 billion was liquidated, including about $1.06 billion in longs.
In the past 24 hours, over 404,000 traders were liquidated, with the total liquidations reaching $1.7 billion. The largest single liquidation order was a $12.74 million BTC-USDT swap on OKX, according to the data.
Liquidations occur when a trader’s positions in a particular market are forcibly closed due to significant losses or insufficient margin to meet the maintenance requirements. The liquidation figures are typically based on publicly available data, which may significantly understate the true extent of market liquidations. In many cases, API limits and incomplete reporting practices result in only a fraction of actual liquidation activity being captured by data aggregators. This incomplete data can lead to an underestimation of market risk and volatility, ultimately distorting the overall picture.
► https://www.theblock.co/post/371560/crypto-liquidations-surpass-1-billion
Corporations invested on the pump.....they sell for profit..and the employees look great for anything more then a 5% gain....they also get a bonus....this may be done
also to 'protect' their shares on the stock market getting hit by real world events...win/win/win
they will NOT HODL like individuals or whales or/ hobby types like us....
IMHO if we have a recession the stock market say goes down 30% I think (IMHO I know zip remember) that BTC/Crypto will dump 70%...there is nothing left in economic
society...banks/rich/middle class...but too much debt.....everyone is at the max for full time work and if everyone pulls back, with 70% of the economy consumer
spending...well you have the so called 'pullback' or 'correction' or 'recession'
BTC will come back and do much better over say next 10 years then 4-5% bonds IMHO...so it is all fine
but for regular folks rich/poor/whatever they are all over-extended with debt etc...so my view....24/7 panic sell to mirror 24/7 panic buys on pump
don't ya know
Buy and HODL till 99% of all BTC has been mined in 2035 is my advice....as far as regular day to day $$$ traditional finance it is gonna get ugly again IMHO
I agree with this!