Post
mughalzadi91
BTC Deleveraging
$BTC is still under pressure, and this move looks more like a leveraged-long squeeze than a full-blown capitulation.
Over the past 24 hours, $50.24M in longs were liquidated versus just $16.59M in shorts. There were 1,600 short liquidations and 856 long liquidations, but the liquidation value tells the real story: larger long positions are being flushed out, while short liquidations are mostly smaller, fragmented orders.
Options are also showing caution. #DailyOrbit
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