Futures Liquidations Hit $1.3B on BTC & ETH Volatility
Bitcoin jump from $112,000 reach $116,500, e force pass $1.01 billion short liquidations for crypto futures. BTC shorts dey near $570 million, ETH shorts still add $206.9 million. Everything market value for crypto increase 4.4% to $3.63 trillion, plus on-chain “accumulator” wallets don carry over 248,000 BTC. Market Value to Realized Value (MVRV) ratio still under 2.75, show say e fit still climb reach $130,900. But $2.1 billion for long position fit risk to chop liquidation if BTC fall come back to $112,000.
For next 24 hours, crypto futures liquidations hit $1.326 billion. Long positions make most part of dis volume as BTC and ETH price dey cause margin calls. Analysts dey warn say high liquidation level mean say risk don high plus short-term bearish pressure remain. Technical rebound fit happen as traders dey rebuild their positions. Market people suppose dey watch leverage ratios and main support levels to manage downside risk, mainly if any macroeconomic shock or regulation change to show.
Bearish
Big big liquidation dem—first $1.01 billion for BTC and ETH short wen market rally fast, then $1.326 billion for long position after market do small pullback—show say volatility dey high and margin risk high. Dis kain big crypto futures liquidation show say short term bear pressure dey, even though on-chain metrics and technical rebound fit show say long term still get upside. Traders suppose prepare for down moves and still dey watch leverage ratios and support zones.