In the last 24 hours, the cryptocurrency market saw liquidations totaling $1.04 billion, with $879 million coming from long positions and $156 million from short positions.
This significant scale of liquidations indicates strong market volatility, effectively “clearing out” over-leveraged positions. Such movements could be a sign of market preparation for the next major trend—either upward or downward.
In these conditions, it’s crucial to exercise caution, especially when using high leverage, and closely monitor key support and resistance levels on the charts.
Dont sell.
