Crypto Liquidations Reach $182M Inside 24h, Longs Dey Suffer Pass
Coinglass talk say cryptocurrency market liquidations don reach $182 million for past 24 hours. Long positions carry $137 million, short positions carry $45 million. Bitcoin (BTC) liquidations na $37.66 million and Ethereum (ETH) dey lead with $54.46 million liquidations. These crypto liquidations na because margin calls and stop-loss triggers for major exchanges. The spike show say market full of wahala (volatility). Traders suppose dey watch dis waka as warning sign. Adjust your margin levels and set tighter stops to manage risk for fast-moving market.
Bearish
Di heavy liquidation for long positions show say market dey under serious downward pressure. When $137 million margin longs collapse, e mean say price don fall well well to trigger stop-loss orders all over. Historically, things like dis—like the $200 million crypto liquidations for June 2023—dem cause small price recovery but e still show bearish momentum for medium term. For traders, the data mean say volatility don increase and market fit drop more as weak hands dey shake out. For short term, we fit see small correction bounce as bargain hunters come in, but the main trend still be bearish till buying interest balance. Good risk management and cautious position sizing na the koko to survive dis market wahala.