Liquidations in the crypto market over the past 24 hours - at $424 million, of which bulls accounted for $260 million. Bulls faced the toughest conditions in the last 4 hours - $152 million in liquidations.
But more interesting than this statistic is the map of potential liquidations from #Coinglass. As of now:
- a sharp correction to $84,888 would lead to liquidations of $10.7 billion,
- a sharp rise to $109,119 would lead to liquidations of $9.02 billion.
Higher liquidity volumes are in a closer range (up to $92,760 and up to $99,033) - for bulls. Bears prudently place larger volumes above $100,000. However, the gap between short and long liquidations is rapidly closing. Yesterday it was $12.84 billion against $6.88 billion, and on November 21 - $15.2 billion against $2.5 billion.
The impulsiveness of the correction, the remaining unclosed gap around $100,000, and now these short-liquidation volumes.
According to the heat map on #Binance for 24 hours, there is still a level at $94,518. However, all other levels are above, up to $99,436. And for the week, there is a significant level at $99,988. Only on the monthly chart does the picture differ, with all liquidity below.