A significant amount of $ETH long positions were liquidated and a rebound occurred.
However, there is still a large amount of high leverage long positions remaining around $2240.
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Maximum liquidation of $BTC long positions occurs when it reaches around 73k.
Additionally, if it reaches around 78.35k, $373M of short positions will be liquidated.
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$BTC closed as net buying yesterday.
Today is neutral. As always, the whales will be on the move when it comes to US time zones.
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The Bitfinex whales’ $BTC long positions decreasing trend continues.
As long as this trend is maintained, the upward trend of $BTC will also be maintained.
Additionally, short positions have decreased significantly to just 165. Their short-term bearish bets have been closed.
In the past 24 hours, 112,384 traders were liquidated, the total liquidations comes in at $277.59 million.
The largest single liquidation order happened on Hyperliquid - $BTC value $6.43M.
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XAUUSD Daily Technical Outlook:
$Gold closed bullish. However, most of it was Weekly opening gap-filling. A move below $4,730 will offer a short. Above $4,850 is a long location. We’ll have to wait for a mature trade. ⚡️
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GBPUSD Daily Technical Outlook:
GBPUSD closed green. However, it’s remaining inside the range‑bound territory. 1.3485 is the support and 1.3585 is the resistance. We’ll have to wait for a breakout or rejection 👀
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EURUSD Daily Technical Outlook:
EURUSD closed green. However, it was mostly the Weekly opening gap filling. Below 1.1765 is a short location. Above that, the market will see further upside, where 1.1820 is the next resistance 😈
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