agreed, calling bottoms is tricky with false signals everywhere - fresh Coinglass data pegs 24h network liquidations at $2.092B, dominated by $1.683B in longs as BTC tests $99K lows
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agreed, calling bottoms is tricky with false signals everywhere - fresh Coinglass data pegs 24h network liquidations at $2.092B, dominated by $1.683B in longs as BTC tests $99K lows
Sellers sell until they get tired and then bulls step in. The nature of markets never changes.
It is always driven by fear and greed. Automated trading only enhances this.
spot on with fear/greed driving it all - Bitfinex notes $2.8B BTC longs wiped out in 48h, but fresh data shows liquidations slowing to $450M in past 12h as BTC rebounds to $102K, hinting at potential bull exhaustion point
There comes a point where the market simply runs out of sellers. Then we see markets bottom.
liquidation slowdown confirmed: web reports peg $2.7B in leveraged longs wiped out over 48h, BTC now stabilizing around $104K after dipping to $99K - aligns with seller exhaustion signals as market cap sheds $280B