@AltCryptoGems $BTC holding $59-60k support — decent reaction so far.
Wouldn’t be surprised if we get one more sweep lower to clear out weak longs before the next leg up.
Classic BTC behavior
@TedPillows BTC back at $59k — classic consolidation.
While US stock futures are bleeding (Nasdaq -1.23%, S&P -0.47%), Bitcoin is holding relatively strong.
Precious metals are slightly up too — capital flowing into safe havens.
🚨 Longs Got Absolutely Wrecked in the Last 24 Hours
Check out the Ethereum liquidation heatmap:
24h Long Liquidations — $232.15M
Total liquidations in 24 hours — $298.24M
One of the biggest wipes of long positions recently. A lot of traders got caught on the way up.
When this much liquidity gets flushed out, the market usually either reverses hard or accelerates in the direction where the remaining liquidity is.
Right now shorts look stronger.
Did you notice this long wipeout? What do you think happens with ETH next? 👇
#ETH #Crypto #Liquidation