Crypto Contract Liquidations Don Pass $403M As BTC & ETH Dey Hit
Crypto contract liquidations don jump to $403 million inside 24 hours, comot from $261 million wey dem report before, showing say the derivatives market get serious wahala. Long positions na $236 million for the liquidations, while shorts add $166 million. Bitcoin package dem force close $45.07 million, Ethereum carry lead with $197 million, show say leverage unwind dey heavy. The surge for crypto contract liquidations mean say trading risk don heighten: cascading liquidations fit cause more price waka up and down. Traders gats dey watch funding rates, open interest plus leverage levels to sabi when liquidity squeeze fit happen and make dem adjust their risk controls well well.
Bearish
Big big crypto contract liquidations, especially di $236M wey dey for long positions, dey signal say people dey unwind leveraged bets well well, and e dey put immediate pressure down on BTC and ETH prices. For short term, forced closures fit cause more sell-offs as margin calls go trigger more liquidations. For long term, lower leverage fit steady the risk profiles but di ongoing high volatility and potential liquidity squeezes mean say market sentiment still dey cautious, and e get bearish bias.