During the current decline, short-term holders sold 54,600 coins at a loss over the last 24 hours. This is indicated by #CryptoQuant's analysis at the time of its preparation. The numbers are surely higher now. The visualization is impressive. There haven't been such sales in the fall.
Panic sell-offs are the enemy of deposits. But, to be fair, it doesn't seem like the price of #BTC is in a hurry to recover. The 50 EMA on the four-hour timeframe is a clear barrier to growth.
The situation in futures is no less impressive. $573 million in liquidations over 24 hours, of which $463 million were longs. In the last hour, $30 million in liquidations, of which $29 million were longs.
But the most interesting thing is not this. But the map of potential liquidations:
- A sharp correction to $82,643 would lead to liquidations of $3.26 billion.
- A sharp rise to $104,550 would lead to liquidations of $11.11 billion.
Dynamics over the last few days:
- November 25: $10.7 million vs $9.02 billion.
- November 24: $12.84 billion vs $6.88 billion.
- November 21: $15.2 billion vs $2.5 billion.
Essentially a mirror shift in positions in just 5 days.
According to the heat map for the last 24 hours, by the way, the situation is ambiguous - there is liquidity to be taken at both $91,600 and $95,700. But for now, the arguments lean more towards a continuation of the correction, there are no reversal signals.
